 TITLE: What to Consider When Choosing a New Credit Card CONTENT: 6\\. Credit Limit\n----------------\nYour card's credit limit dictates how high your balance can go before you can no longer make additional purchases. Your initial credit limit may depend on your credit history, score and relationship with the issuer, and you generally won't know your exact credit limit until after you apply and get approved.\nHowever, you can review some cards' minimum credit limit. For example, the Petal® 1 \"No Annual Fee\" Visa® Credit Card has a $500 minimum limit. Other cards may also list their minimum credit limit in their terms and conditions.\nSome cards have different minimums depending on the version of the card you're approved for. With the Chase Freedom Unlimited®, for example, you may get a Visa Signature card with a $5,000 minimum or a Visa Platinum card with a $500 minimum.\nThere are also cards that may automatically review your account for a credit limit increase. With the Capital One Platinum Credit Card, you could be automatically considered for a credit limit increase after as little as six months.\nYou can also ask for a credit limit increase on one of your open cards. But the request could result in a hard inquiry, which may slightly hurt your credit scores. Focusing on improving your credit, paying your bill on time and updating the card issuer with your new income when it increases could also lead the issuer to increase your credit limit without a request. END