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Credit line increase request

Posted Wed October 18, 2006 9:42 pm, by Chad M. written to Juniper Bank

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I am using the Carnival Sea Miles Card for my business but I only have 2500.00 credit limit I have had this card for quite some time now and have asked for a credit line increase several times and been denied.. As you can see from my purchasing and payment habits I pay this card off many times a month because the credit limit I have is just not sufficient. At this point it's becoming a lot of work to wait for the purchases and payments to post to the account before I can buy more products for my clients.

Can you please review my credit limit and increase my credit limit to around 7,000.00 to 10,000.00. My Annual house hold salary is 94K a year.


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by Jeffrey Posted Thu October 19, 2006 @ 12:37 PM

I feel your pain.

What I don't understand is why you think that sending an e-mail
through PlanetFeedback is going to override the fact that they've
turned you down "several times."

I feel your pain. And I have no idea why they've turned you down. I
don't know the formula, what your credit rating is, or even if you
have other credit cards or loans.

I have an excellent credit rating, no car loans, and a reasonable
mortgage. My household income is a good deal more than your's (not
boasting). The limit on my Visa card? $3,500. My point: going just
on your household income, $10,000 seems a lot to ask.

Solution? You might want to look at other cards. Some companies
might be more willing to take risks. Since you pay off every month
(or several times a month), you clearly aren't someone who cares about
interest rates. Find a card that'll extend you the $7-$10K you want,
but at some astronomical rate. Then, make sure to pay off each
month.

You might also consider something like American Express, which has no
pre-set limit. Yes, they can always impose a limit on you. But, if
you keep up your payments, a $7-$10K charge in a month will be
possible.

Especially if this is being used for business. There are some
business-specific cards that cater to this exact situation. People
who might not have the income, but (since it's used for business
purposes), extend additional credit. If you have an employer, see if
your company has a company card. If you're self employed, check out
one of the smal business cards.

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