Increasing your credit card limit can provide you with more financial flexibility, but it requires careful consideration. At Contoso, you may request a credit limit increase online or by contacting customer service. Before making the request, assess your current financial situation, including your income, credit utilization, and payment history. A good credit score and consistent on-time payments increase your chances of approval. When applying for an increase, be prepared to provide information about your current income and any changes since your last application. Contoso may perform a soft or hard credit inquiry, depending on the request type. A soft inquiry won’t affect your credit score, while a hard inquiry may have a minor impact. If your request is approved, your new limit will be communicated to you, and it will be reflected in your account. Remember to use your increased limit responsibly to maintain a healthy credit utilization ratio, ideally keeping it below 30% of your available credit.