CIBC Mastercard allows cardholders to request a credit limit increase periodically, but there is no specific fixed time frame specified for how often this can be done. Generally, it is advisable for cardholders to wait at least six months between requests to increase the likelihood of approval. Factors that can influence the decision on a credit limit increase include the cardholder's credit score, account history, payment behavior, and income level.
When considering a request for a credit limit increase, it is a good idea to ensure that your financial situation has improved since the last request and you have been managing the card responsibly. By doing this, you may enhance the chances of approval. On the current CIBC Mastercard web page, more detailed information regarding credit limit increases, including any specific requirements and tips for making a request, can be found. This could help cardholders understand the best approach to take for their individual circumstances.
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