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