There are several common reasons why a credit limit increase request may be rejected by your card issuer.
One of the most common reasons for rejection is a history of late payments or a low credit score.
If you have too little credit history or too many recent credit applications, a credit limit increase may be denied.
Another reason a credit limit increase could be denied is because of inadequate verifiable income.
If you were already approved for a credit limit increase recently, that could be another reason for rejection.
The credit card issuer may view you as a high risk if your credit report shows you are not managing credit responsibly.
If you are denied a credit limit increase, you should ask your lender for the reason for rejection.
Review the credit report used by the issuer to identify any areas for improvement and check for errors.
By improving your credit score and credit history, you can increase your chances of getting approval in the future.