Credit Limit: Blispay Credit Limit Increase
Are you stuck with a low credit limit? Do you want to increase it? Everyone has a specific credit limit that they can use per month before the bill comes due. And it can be frustrating seeing only $100 on your Blispay card when you decide to purchase something for $120. Luckily, you can apply for a Blispay credit limit increase to expand your purchasing power and access higher credit lines. Read on to learn how DoNotPay can help you apply for a Blispay credit limit increase.
How Credit Limit Increases Work
When credit card issuers like Chase, Credit One, Discover, Bank of America, or Apple approve your credit card, they usually give you a certain credit limit. As you use your credit card, your account management responsibility improves by paying bills on time and staying below your credit limit. This prompts the credit card issuer to increase your credit limit to access more credit.
To qualify for a credit line increase, you should be a cardholder for a minimum of six months, and you shouldn't have requested a credit increase within that period. A higher credit limit allows you to rebuild credit by making larger purchases. But, you must be careful because it can also raise your credit utilization ratio.
What Is a Blispay Credit Card?
The Blispay credit card is a mobile-centric card providing a streamlined in-store financing experience issued by the First Electronic Bank, Utah. It allows merchants of all sizes to offer financing without any financial obligation or technical integration.
You can enjoy instant issuance, 6-month special financing for large purchases, and 2% cashback on all purchases. With continued responsible credit usage, your Blispay visa card is eligible for a credit limit increase.
First Electronic Bank, Utah, will review your credit history from time to time and may increase your credit limit automatically. You can also request a credit limit increase by contacting Blispay if you feel you deserve the increase.
Who Can Request a Higher Credit Limit?
Before requesting a higher credit limit, you should ensure that your credit usage is consistent and current. You should not be having overdue payments or other delinquent debt. If you have recently been approved for a card, have a secured credit card, or have had a credit increase or decrease in the last six months, you are automatically ineligible for a credit limit increase. Some other factors considered during the review include:
- On-time/Delinquent payments
- Credit history
- Credit Score
- Utilization Rate
- Hard inquiries
When Can I Request a Credit Limit Increase From Blispay?
You can request a Blispay credit limit increase after six months of responsible credit handling. After six months of making on-time payments and staying under your credit limit, Blispay has a clear understanding of how responsibly you can handle your credit card.
Blispay also reviews your credit payments and can automatically increase your credit line without you making a request. Ensure you keep your credit utilization ratio below 30% to have a higher chance of being approved for a higher credit card.
What Information Will Blispay Ask For?
Like other credit card issuers such as Capital One, American Express, Wells Fargo, and CitiBank, Blispay also has specific requirements you must meet before asking for a credit limit increase. Blispay will ask for the following information when you are making your request:
- Personal information, including name, contact details, and address
- Social security number
- Employment information
- Information about your account, including payment history and name on the account
Things to Consider Before Requesting a Credit Limit Increase From Blispay
Requesting a credit limit increase can be helpful when times are getting tough and you need additional funds to manage your finances. Here are several things you need to consider before requesting a :
|Timing||Blispay will review your account after six months of on-time payments. If you request a credit limit increase immediately after getting a new card, it may be denied. Instead, make sure to make your payment on time and stay within the credit limit before requesting an increase.|
|Hard Pull||Applying for a credit card with higher credit lines will result in "hard inquiries" on your credit report. A hard pull can knock off a few points on your credit score, which can be detrimental, especially if you are not financially stable to start with. Before increasing your credit limit, Blispay will ask you to give consent for a hard pull on your credit report.|
|Credit Score||Credit limit increases require a credit score of over 640. Before increasing your credit limit, check your credit score from any of the three bureaus:
If your score is already low, it will be tricky to qualify for a credit limit increase.
How to Request a Blispay Visa Credit Limit Increase From Blispay on Your Own
After handling your credit account responsibly, you are eligible to request a Blispay credit limit increase if your credit line isn't automatically increased. Here are the steps to use to ask for credit increment on your own:
- Contact customer care through 877-907-7475 (if you're in the US) or 706-644-4183 (if you're traveling internationally).
- Ask Blispay customer care about your eligibility for a higher credit line.
- If you are eligible, you will be asked to provide all the information Blispay may need when reviewing your account. Note: You will need to consent for a hard pull on your credit report.
- Once reviewed and approved for a higher credit line, you will be given a letter of approval.
Next Steps for Requesting Higher Credit Limits if You Can’t Do It Yourself
Blispay allows its customers to request a credit limit increase on their own through the above steps. However, the process can be time-consuming and tedious. DoNotPay offers an easy and convenient alternative without lifting a finger. Simply provide your personal details, account information, and employment information. Our team will take care of the rest and send a credit increment request to Blispay on your behalf.
How to Request Higher Credit Limits With the Help of DoNotPay
DoNotPay simplifies the credit limit increase request process to ensure you get your credit line increased with minimal hassle. How to request higher credit limits using DoNotPay:
If you want to request higher credit limits but don't know where to start, DoNotPay has you covered in six easy steps:
- Go to the Credit Limit Increase product on DoNotPay.
- Select which type of card you own and your credit provider.
- Tell us more about your card, such as when you first created this card, your current credit limit, what you would like your new limit to be, your card number, and whether you've missed past payments.
- Tell us more about your current income and expenses and why you would like to request a limit increase.
- Indicate whether you want to allow hard inquiries to be made into your credit history. Upload a copy of your ID and provide your e-signature.
- Submit your task. DoNotPay will deliver the request letter on your behalf. You should hear back from the card provider with confirmation or a request for more information within a few weeks.
What Else Can DoNotPay Do?
Requesting a is just one of many things DoNotPay can help you with. DoNotPay will also help you solve the following: