Do you want a bigger credit card limit?
Australians owe a record $51.5 billion in credit card debt (in March 2015). Interest is accruing on $33 billion of that debt.
If you want to apply for a bigger limit on your credit card, to maximise your chances of being approved, you need to ensure that you:
• Do not exceed your current credit card limit
• Make your credit card repayments on time
• Repay more than the minimum repayments and pay off the balance when possible
• Paying your mortgage, car loan and personal loan on time
Source: Sydney Morning Herald