![]() After all, who doesn’t want more spending power and flexibility? But before you hit that request button, you should be aware of the potential pitfalls that come with a higher credit limit. Getting a higher credit limit on your credit card may sound like a good idea. This can boost your credit score and make you eligible for better offers from other lenders in the future. Improve your credit score : With a higher credit limit, you can lower your credit utilization ratio and improve your payment history.This way, you can save on interest costs and pay less overall. ![]()
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