Ready for a First Savings Credit Card Limit Increase? Let Us Help
If you're working on building your credit score, a First Savings credit card is a great place to start. But you may find that the credit limit you're offered initially is pretty low, and the time it takes to bump it up seems long.
If you need a and you don't want to wait, there are ways to speed up the process. It will take some phone work, but it is possible. And if you want to make it even easier, DoNotPay is here to help.
About First Savings Credit Card
People who have had trouble financially face a problem with fixing their credit score. Basically, you have to prove that you can handle credit in order for lenders to want to give you credit. But if you've struggled in the past, it can be hard to find someone who will give you the opportunity to prove yourself.
First Savings is a company that works with people who are trying to rebuild their credit. You cannot apply unless they send you an invitation. They offer an unsecured MasterCard with an annual fee of $49 to $75 and an APR of 29.9%. This is fairly expensive in the world of credit cards, but because they will work with people with bad credit, many find it worthwhile.
However, First Savings also wants to protect itself from losing money, and one of the ways they do that is by offering very small credit limits. They generally offer an initial maximum credit limit of only a few hundred dollars. That small amount of credit is a good start, but it's not very useful if you need to prove you can handle credit.
Who Can Request a Higher Credit Limit From First Savings?
When you first open an account with First Savings, the company expects you to show that you are able to handle the responsibility. Here are some of the things they're looking for before they grant a credit limit increase:
- Payment history Do you make your payments on time?
- Credit history How have you handled credit in the past?
- What is your income?
- Credit utilization rate Are you carrying a high balance? It looks better if you don't keep the amount you owe close to the limit.
- Hard inquiries If you apply for a loan, the lender will make a hard inquiry into your credit history, which will drop your credit score.
Since First Savings specializes in helping people improve their credit, they want to see some evidence that your use of credit is going well before they bump up that limit. After six months, they will do a Credit Limit Increase evaluation. After that, they'll automatically reconsider it once a year.
When Can I Request a Higher Credit Limit From First Savings?
Sometimes it isn't time for your credit limit evaluation, and you need to know how to increase your credit limit now. This could be because you're on a timeline to improve your credit score or because you have an emergency expense.
First Savings does have an option to request an increase at other times, but there are a few things you need to know.
- You can request an increase at any time by calling (888) 469-0291.
- You can also initiate a request by logging into your account online and applying for an increase.
- This request may result in a hard inquiry into your credit history, which will impact your credit score.
- First Savings does not grant credit limit increases easily.
Things to Consider Before Asking First Savings for a Credit Limit Increase
Before you request a bump in your credit limit, make sure you're in a good position to ask. Ask yourself these questions.
- Is the timing good? Have you recently made a few late payments? You want to have as many months of exemplary behavior under your belt as possible.
- How's your income? If you've lost your job or moved to a lower-paying one, you're not likely to be granted more credit right now.
- Can you afford the hit to your credit score from a hard inquiry?
Suppose all these factors are in place, congratulations. You're in a good place to give it a shot. Let's cover how you go about that.
How to Request a Credit Limit Increase From First Savings On Your Own
First Savings doesn't offer much information about how to make requests and is known for being pretty stingy when it comes to credit limit increases. However, there are two ways to submit an application for a larger credit limit.
- Log into your account online and find the application for a credit increase. Fill it out, submit, and wait to hear back.
- Call the customer service line at (888) 469-0291 and ask for the increase. Be sure to allow plenty of time to wait on hold for the next available representative.
What If They Say No?
Unfortunately, First Savings holds all the cards when it comes to your credit limit with them. You'll want to be in the best position possible when you make your request. A denial will knock your credit score down, and your only option then will be to wait for months as your credit score creeps back up.
It can be frustrating and even embarrassing to speak to a customer service representative who has to deny your request. The process of rebuilding credit can feel slow and unfair, making it even harder to stand up for yourself and the progress you're working toward. But there is an easier way.
Let DoNotPay Make Your Case for a First Savings Credit Card Limit Increase
You don't have to make your plea on your own. DoNotPay knows how to present your request in the most polished way possible, with the least amount of effort from you. Just follow these steps, and DoNotPay will create a request letter for you and deliver it to First Savings.
Six simple steps to request higher credit limits using DoNotPay:
- 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.
Why Use DoNotPay to Bump Up Your Credit Limit With First Savings?
DoNotPay makes it easy to ask for a credit increase, and we know how to give that request a professional look that commands attention. But the simple process and our effective methods aren't the only reason. If you're working on building your credit score, there's another important benefit our service offers.
We can request that First Savings make no hard inquiries on your credit history. If you're doing everything you can to make that credit score move up, the last thing you want to do is to lose ground because of a credit limit increase request. If you don't want First Savings to ding your score, all you have to do is let us know, and we'll make that clear to them.
DoNotPay Works Just as Well With Many Other Credit Card Companies
First Savings isn't the only company we're able to work with on your behalf. Our system works just as well with many other companies. Here are just some of the credit card issuers we are equipped to request a credit limit increase from.
|Chase Credit card
|Bank of America
How Else Can DoNotPay Make Your Life Easier?
DoNotPay exists to take care of details that complicate your life. Credit cards are just the tip of the iceberg when it comes to tasks we can take care of on your behalf.
- Negotiate chargebacks and refunds
- File a customer service complaint on your behalf
- Deal with credit card disputes
Let us show you just how easy it can be when you have access to a company that's dedicated to fighting these fights for you. is ready to solve these problems and many more.