What Is the Average Credit Card Limit in the U.S.?

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Low vs. High Credit Limits
Factors That Determine Your Initial Credit Limit
How Is Your Credit Limit Decided by Credit Card Issuers?
Your Credit Scores
Your Income and Debt-To-Income Ratio (DTI)
The Card Issuer’s Policies and Goals
Your History With the Card Issuer
Current Economic Conditions
Common Ways to Try to Increase Your Credit Limit
Update Your Income Information
Build Your Credit
Request an Increase
Transfer Your Available Credit
The Takeaway
Frequently Asked Questions
About the Author
Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
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