Pay for a Credit Limit Increase?

[Miss Kelly]

I just found out that my mom paid $59 for a $500 credit limit increase on her credit card.

I told her to call them back and have it reversed. I have never paid for a credit limit increase before and I've received several. I think you should be rewarded with credit limit increases by paying your bill on time, etc.

Is this normal? Have you had to pay for a credit limit increase before?

 

[luckywife]

A friend of mine did that a few years ago. I advised her that it didn't sound like a good idea. Personally had never heard of such a thing until then. I agree, I always thought increases were a type of reward for paying on time etc.

 

[Miss Kelly]

Thanks for the reply luckywife. At least I'm not alone in my reasoning.

 

[mommytotwo]

I have never paid for an increase. I would usually get a notification in the mail, or if you want to try and get an increase, you can contact the credit card company and ask for it.

 

[EsmeraldaX]

I'd never pay for an increase. I do get them from time to time automatically, and I usually don't get a notice. One day , my limit is just higher...

 

[candykisses]

I've never heard of paying for a credit limit increase.

I know I'd never pay for one.

 

[my3kids]

Never heard of that.

 

[LisaZoe]

Sounds like the CC companies have found a new way to add on fees. People who request an increased credit limit are usually in need of one so would be more likely to pay than those of us who wait until it's offered. I definitely would not pay for one unless I was desperate to get a needed repair, replacement, etc. that could only be paid for with more credit.

 

[momsgonwild]

I have never heard of paying for increase either. The cc company definitely wins on that proposition. Is this money deducted from her increase amount? Man, they are racking up interest right off the bat. I would cancel the credit card, and find another with normal guidelines. Good thing you are in her corner on this!

 

[patsvette]

Ive never had to pay for an increase,they usually up mine for no reason.