Increasing your Credit Limit
Raising your Credit Card limit is a request for more credit. As per regulatory requirements we assess your capacity to repay the higher limit before approving it. Before you apply for a credit limit increase, it is important that you consider your personal financial circumstances. Be sure you are comfortable with the higher limit, and higher monthly payments.
Applications for a higher credit limit are processed immediately and if approved you will usually have the higher limit within one hour. You can apply to change your credit limit online at www.americanexpress.com.au/mycreditlimit. Once you submit your application form you may get a decision immediately.
Decreasing your Credit Limit
There are times you may need to change your credit limit. You can reduce your Credit Card limit if it is higher than you want or need. You can make your credit limit lower at any time, as long as it is not below your type of Credit Card’s minimum limit, or lower than your Credit Card balance.