How to Increase Your Credit Limit and Raise Your Score

If you recently received a salary increase or haven’t updated your income information with your credit card issuer in a while, you might qualify for a credit limit increase.

By securing a higher credit limit, you’ll be giving yourself more spending power and keeping your credit utilization rate low — and these factors make up a large part of your credit score.

Below, CNBC Select details how you can quickly raise your credit card’s credit limit — and potentially your credit score — by simply updating your income information with your credit card issuer.

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