Sample Request Letter for Credit Limit Increase

When a bank or credit card company issues a credit card to an individual, there is a certain credit limit on the card. For example, a client has the credit limit of $50,000 per month where another client has the credit limit of $100,000 per month. This depends on the Credit Card Company and income of the card owner. It is possible that a client is using a credit card with small limit but as his income increases, so does his expenses increase and he will require the company to increase his credit card limit. The request letter for credit card limit increase is a formal request letter sent to the bank or credit card Company asking them to increase the credit limit on a certain credit card.

Brief description of request letter for credit limits increase:

Initially when a bank issues a credit card to a client, the credit limit is kept lower so that the bank can evaluate if the client will make the credit card payments on time or not. Once there is trust in the relationship, banks and credit card companies accept the offers to increase the credit card limit but the clients are required to make formal request to the bank. The request letter for credit limit increase is a very common and professional way of making this request and letting the bank know that the client wants to increase the credit card limit.

Sample Request Letter for Credit Limit Increase

To: senior manager

National Capital bank, main branch

New York NY 35094

Subject: credit card limit increase

Date: 21 January 2015

Dear Sir,

I am using the credit card issued by your bank for more than 2 years and as I have attached the payment schedules with the letter, you can see that I always make the credit card payments on time and without any delay. I am discussing this only to let you know that I am a reliable and well-reputed client and you can consider the request that I am about to make.

In last six months, I have expended my business and as compared to before, now there are dozens of additional expenses that I have to make every month that require extra credit on the card. I have also applied for another card in your bank but the manager said that I will take a month or 6 weeks at least to process the application and issue the card and I don’t have that much time.

So, as the second option, I am writing this formal request letter to you in order to increase my credit card limit. Currently I have credit limit of $60,000 per month and I want to increase it up to $130,000 per month.

I am sure that you will consider my request with respect and initiate the process as I need this increase on urgent basis. I have attached the additional expense details and cash flow of my business with this letter and if there is something else that you need, just let me know.

Regards,

John K. Foreman

Credit card number: 860-4501947-10389-1093

Signature