How to Get an Ulta Credit Card Limit Increase Effortlessly
Ulta Beauty's credit card is one of the better retailer rewards cards out there. If you're a real beauty and personal grooming fan, this card is for you—your points grow with your card use.
If you are just thinking about that 20% off your first purchase when you got the Ulta Beauty card, you might not think you can really benefit from an increased credit limit. DoNotPay has the skinny on the Ulta Credit Cards rewards program, and why you might want to bump your limit with Ulta's Mastercard.
All About the Ulta Beauty Credit Card
If you're not familiar with the , it's not your regular retail card—it's a Mastercard with a killer rewards game. In fact, WalletHub rated this card a 4.4/5; only because the APR is higher than most cards.
Here's what you get with an Ulta card:
|500 Welcome Bonus points||Spend $500 outside Ulta Beauty in the first 90 days the card is active|
|2 Points||Every $1 you spend at Ulta|
|1 Point||Every $1 spent elsewhere|
|Upgrade to Platinum Status||Spend at least $500 between January 1 and December 31 (this means 25% more in your base earning rate)|
|Upgrade to Diamond Status||Spend $1200 during the year
(this earns you a 50% higher base rate)
You can redeem points to reduce the purchase price, or get something for free. Members can use their points to reduce the purchase price of a product or to receive a product for free. Bets of all, there is no annual fee.
The Downside of an Ulta Credit Card
With all these reward goodies, there is a downside. The APR on this card is a whopping 26.99%. If you have the discipline to pay your card off every month, though, it's a good deal for consumers who invest a lot in their grooming—and many Ulta locations have salon services on the premises.
If that APR has you a little spooked, there are many other cards with good rewards programs that have lower interest rates—Apple, Capital One, Discover, AmEx, and Citi are all good options. If you bank with Well Fargo, Bank of America, Credit One, or Chase, check out their rates for deposit customers.
How to Ask for an Increase to Your Credit Limit
Since your Ulta Beauty card is really a branded Mastercard, you'd go about asking for a higher credit limit just like you would any other major credit card. Here's the contact info:
- Phone: 800.627.8372 or 1.800.MasterCard
- Twitter: @Mastercard
- Email: BIN_Inquiries@mastercard.com
When you apply for a higher credit limit, they'll want the following information to pull a new credit report:
The updated credit report will determine whether or not you qualify for the increased spending limit. If you were approved for an Ulta credit card already, you have demonstrated a strong credit history—the minimum score is 700.
Drawbacks to Requesting a Higher Limit
The one problem with requesting an increased limit is that you may be turned down, and that will have a negative impact on your credit score. That starts a vicious cycle; if you already have the Ulta Mastercard, then at one point you had a high credit score. If your application is declined, that indicates a lower score, which can cause all kinds of problems going forward.
Here are some of the circumstances that could cause your score to drop.
- Delinquent payments
- High credit usage
Ask for a Soft Pull
If you have concerns about your score, go online and check your score. You can get one free credit report per year from each of the major credit bureaus, Equifax, Experian, and TransUnion. Or, ask Mastercard if they can do a "soft" pull of your credit. That's when it's informational and there's no loan application involved.
Once you apply, that same information is considered a "hard" pull and the inquiry shows up. Inquiries stay on a report for two years. Too many inquiries are a negative. How many is too many is a closely held secret; nobody knows but the algorithm.
DoNotPay Makes Applying for an Increase Easier
If you want to request but don't know where to start, DoNotPay has you covered in 6 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.
And that's it. We'll take care of the rest.
What Else Can DoNotPay Do for Me?
DoNotPay is a super sophisticated AI technology that cuts through red tape with the click of a button. Whether you're trying to get a refund from a card company, appealing your property taxes, or filing a complaint against Mastercard or the county, we've got you covered. We're like your personal financial concierge, ready to help any time.