Wednesday, October 28, 2015

Should you take that credit card increase? From the Toronto Star

I was interviewed last week by Vikram Barhat for an article published in the Toronto Star last week titled, To Accept or Reject the Credit Limit Increase.  Read the full article here.

This is a common question.  You can likely remember a time you receive a notification that your $3,000 credit limit has now been increased to $5,500.  Is that a good or a bad thing?  Do you have to accept the increase?  And how do they know if you should get that increase anyway (hint: it's in the terms and conditions agreement that you read - right?)

Read the Toronto Star article to find out.

And if you're not on the side of the bank's offering up an increase but would like one, check out this article on 6 Ways To Increase Your Credit Limit.

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