My credit limit has been raised twice within the past 3 months. What does this mean?

I started off with a certain credit limit in 2010, but in September they nearly doubled it, without any input from me. Now, they raised it about 35% again. Is this a good thing? I never asked them to raise it.|||There is nothing unusual about this. They are granting you more credit as they believe that you can handle it based on the info in your credit report.|||When you have good history with a company they do this. I started out with a $1000 credit card and ended up with a $3500 credit card because they kept giving me more money. It's a common thing, and usually it is a good thing.|||Yes, it is a good thing. It means they trust you. You have shown them that you are responsible and have paid your bills on time. Congratulations! Keep it up!





It is like when you were a teenager, your parents started out by giving you certain privileges. When you showed them that you are responsible, they gave you more privileges. If you took advantage of their trust, you had a reduction in privileges. Same way here, you have shown that you are responsible, and you are being given the privilege of being able to spend more money.....because they trust that you will pay it back.





The difference between the parenting analogy and credit card company is that the parents are trying to protect you. The credit card company is trying to profit off of you. They WANT you to miss a payment, so that you have to pay it with interest later. Don't give them what they want though!