When it comes to credit cards, how high of a credit limit should you try to get? More importantly, should you apply for a specific card just because of its high limit? Or could it possibly be a bad thing to have too much available credit at any given time? read more..

Is your current credit limit on your credit card high enough to meet your general needs as a consumer? Do you even know if you’d be eligible for a higher credit limit if you requested one? Some credit card companies let you make an automated request online or over the phone and an increase, if approved, could be instant. But how do you know if now is the right time to request an increase?

Here are five situations when it might make sense to ask for a higher credit limit on an existing credit card. read more..