I currently have a student credit card and I’m considering increasing its credit limit. What are the eligibility criteria for a credit limit increase, and what steps can I take to improve my credit score and strengthen my overall credit profile?
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Yes, you can definitely increase the credit limit on your student credit card, but it requires demonstrating responsible credit behavior to the bank. To improve your chances, keep your credit utilization ratio below 30%, which means using only a small portion of your available credit limit. Also, ensure that you pay your credit card bills on time every month and use your card consistently..
Over time, these actions help build a positive credit history. If your monthly income increases or your credit score improves, the bank is more likely to approve a higher credit limit.
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