To draft this type of letter, start with the basics. Give the credit card number you wish to increase the limit on. Ask for a specific amount of increase. If you have a $500 card, you may want to go up to $1,000.
Asking to make a drastic jump like from $500 to $2,500 may be a bit unrealistic, but there’s no harm in trying. This is a formal letter and should be addressed as such.
Sample Letter Request to Increase Credit Limit
29 Fox Holler Rd.
Jackson, Ohio 45640
January 18, 2017
ABC Credit Cards Inc.
90 Wilshire Way
Beverly Hills, CA 90210
Re: Visa 4456-0987-1234-0987
Dear Credit Increase Department,
I have been a long standing credit customer of [ABC Credit Cards]. When I first opened my account back in , I had a small [$500] limit. Overtime I have not asked for any increases and have never even come near to reaching my credit limit. Recently, we purchased a home that needs major renovation. Because of the extreme costs of these ventures, I am asking for a credit line increase on my account.
Currently, there is a balance of [$231] on my account. I would love to have an increase to around [$2,000]. This money will be used to help put in a new furnace system in my home. The interest on my credit card is cheaper than the interest the store has for financing. Because I have had such good luck in the past, I am looking to continue my business with your credit card company in the future. You can always count on me to take care of my bills, and to make sure to stay below my credit limit.
Can you please review my account and grant this request? If you have any questions, please feel free to contact me at [555-288-0989]. I can be reached anytime.
By Andre Bradley