Just wanted to share some good news, but first I need to give you a little history.
Quite a few years ago (I don't know how many, I think the Universal cards were new) I received an AT&T Universal card. The credit limit was $2500. It may have started lower and been increased, I don't remember. But the important thing is that it was at $2500 when I was having credit problems. One day I received a letter stating that they had pulled a credit report as a routine review, and because of my report they lowered my limit to $500!
I was determined that someday I'd get my $2500 back. I got several increases, I think they were automatic but I don't remember for sure. I went to $750, then $1000, then $1250. And there it sat for a long time.
Finally, it got increased to $1800 and I could be increased to $3300 if I did a balance transfer. 3.9% for the life of the transfer. I made the transfer. I was past my original amount. It felt good, but gets better as it goes on.
Then, a few months later, I got a notice that I could have a credit line increase to $5300 if I transferred a balance. Same deal, so I did it.
In accordance with my procedure of paying highest interest first, I have been paying only minimum payments. I did set up autopay, which means they take the minimum payment out of my account on the due date each month, so I can never be late.
Yesterday I got an e-mail that my credit limit had been increased. I logged on to the web site, and--drum roll, please--my new limit is $9,600!!!! As I said, I've only been paying minimum payments, and of course not charging anything. Maybe that's part of it. They've been sending me all kinds of offers to buy things. A lot of them are like the "it's free, just pay $3.95 for shipping and handling" kind of deals. The problem is that your payment is applied to lowest interest rate first, so if I did that, the $3.95 would keep accruing interest at my normal rate of 10.15% until my $4300 balance is paid off, which will be in about 4 years if I keep paying the minimum! That would be an expensive "free" item, wouldn't it?
Anyway, I don't know when I've had an increase that large, and it feels wonderful. I didn't even ask for it. Now I'm more than three (almost 4) times my original limit!