Credit cards have become one of the most popular ways to spend money. They come with a predefined credit limit, that can be used to make purchases. However, initially, credit card issuers may offer you a lower credit limit, depending upon factors such as your credit score, current income and more. But, once you start using your credit card and pay the dues on time, credit card issuers often increase your credit limit.
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Whether you should go for this increase in credit limit or not, remains a valid question. Mentioned below are the pros and cons of getting your credit limit increased to help you make an informed decision: