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Q: My girlfriend and I have different credit limits but our scores are relatively the same. What do credit card companies use to determine your credit limit?
A: Credit card companies use a number of factors for basing your credit limit on. Probably the two most important ones are your credit score and your credit history.
The credit card companies will check your credit history whenever you apply for credit cards. The credit history will give a numerical score as well as information concerning payments (are they on-time or late) for other credit cards or installment loans which are listed on your credit history.
Depending on your numerical score and payment history, credit card companies will determine how much your credit limit should be. If it is low to begin with, show that you are responsible by making on-time payments and using your card wisely. After a few months, or perhaps on the anniversary of when you were issued your card, you can contact the card companies and request an increase in your credit limit.
If you have been especially diligent in keeping your credit history in good standing, the companies themselves may notify you that they are increasing your credit limit without you having to do anything. Continue to earn their trust by adhering to your good spending habits, which include staying well within your designated limit.