When you request a credit card towards a financial instituion, this last one will study your solvability in order to determine the maximum limit of the card. This limit depends on:
Your income: the limit will varies between 1,000 Chf (low income) to 3’000 – 5,000 Chf (high income).
Your credit history: in case of bad history (notified to the ZEK, see here), your limit can be lowered, or your credit card refused.
Once the limit of your Visa / Mastercard is determined, it won’t be automatically adjusted if your financial situation changes. Thus, it is up to yo to ask for a limit increase for your credit cards.
Rise the limit of your Visa / Mastercard
There are two kinds of limit rising: the permanent rising, and the temporary rising.
The temporary rising is an increase of your limit for 1-2 months maximum. This solution is useful if you need your Visa or Mastercard for holiday or if you are planning to buy something expensive using your credit card.
Permanent rising, as its name suggests, is a permanent rising of your credit card limit.
Ask for a limit increase
You can ask for a limit increase either by mail or directly by internet for some financial institutions. In order to ask for an increase:
Temporary increase: you should justify the need for an increase, for example announcing holiday.
Permanent increase: for this kind of increase, the financial institution will probably ask for your last salary slips in order to check your financial situation.
Article written by Multicredit