- Credit Card
- Real Estate
I’ve had my credit card for about 4 or 5 years now, got it when I was 18, and my line of credit on it is $3500 as of a month ago. I got it increased to $1500 from $500 last year, and just never thought about asking for an increase before that.
I never really use more than $700 on it each month, but increased it lower my credit utilization to try to improve my credit score. I pay it off in full on-time every month so I’m not worried about spending more than I have.
After 4 or 5 years with this card should I have a higher line of credit? Is there average line of credit on credit cards for this type of thing?
EDIT: Clarified wording on when my credit increased