I got an email from Chase asking me to update my income information to see if I qualify for a higher credit line. My income has gone up considerably since I opened that card but is there really any reason for me to try and get a higher limit. Our current limit on that card is $32,500. The highest our bill ever gets is a little over $4,000, maybe $5,000 on rare occasions. And if we make any unusually large charges on the account, I'll usually send in a payment right away rather than waiting for the statement to come, so I never let the balance get all that high anyway. For example, when we charged college tuition (15K), I would make the charge one day and then pay it off the next day.
Any benefit I'm not thinking of to getting them to up our limit?
Any benefit I'm not thinking of to getting them to up our limit?
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