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In some cases, TD Bank may automatically offer an increase in your credit limit after regularly reviewing your account for on-time payments, low debt levels, and customer loyalty over time. If that doesn’t happen, you can request an increase by applying on TD Bank’s online banking platform or mobile app, calling its customer service hotline, or visiting a branch in person. A higher credit limit not only gives you more borrowing power but can also boost your credit score—if managed responsibly.
Here’s a quick overview of how to increase your credit limit at TD Bank through each method, followed by some tips for better chances of approval and what to do if you get denied an increase.
1. Apply via TD Bank’s Online Banking or Mobile App
You can easily request a credit limit increase by logging into your TD Bank account, either through its online banking platform or mobile app.
- Online banking platform: Log in on your computer, navigate to the credit card section, and you’ll find an option to request a credit limit increase. This method is quick and convenient for handling your account from your desktop.
- Mobile app: If you prefer banking on the go, the TD Bank mobile app is a user-friendly option. Available on both TD Bank iOS or TD Bank Android, you can log in, navigate to the appropriate section, and submit your request directly from your smartphone or tablet.
Step-by-Step Guide to Requesting a Credit Limit Increase Online
- Step 1: Log in to your account.
- Step 2: Find your credit card. If you have multiple credit cards, choose the one you’re requesting a higher limit on.
- Step 3: Click Manage Card, then choose the Request Credit Limit Increase option from the menu.
- Step 4: Enter your details and click Continue.
- Step 5: Review and Accept the TD Bank Credit Limit Increase Terms and Conditions, then submit your request. You will receive confirmation and details regarding your new credit limit.
2. Call the Bank’s Customer Service
For those who prefer speaking with someone directly, you can contact TD Card Services at 1-888-561-8861 to request a credit limit increase. Be prepared to provide your account details and answer questions about your financial situation. Speaking with a representative allows you to ask questions about the process and get clarity on what TD Bank is looking for in terms of eligibility.
3. Visit a TD Bank Branch
Lastly, if you prefer face-to-face interaction, you can always visit a local TD Bank branch. A representative at the bank can assist you in requesting a credit limit increase. This option is perfect if you have other banking matters to handle in person, or if you’d like to discuss your credit limit needs in more detail with a banking professional.
Tips for Getting a Credit Limit Increase with TD Bank
If you’re hoping to increase your credit limit with TD Bank, it’s important to use the right strategies. To make it simple, I’ve come up with a guide based on the word INCREASE to help you remember key tips that can improve your chances of getting approved.
- Improve your payment history. Make sure to consistently make on-time payments for several months to show that you’re a responsible borrower.
- Negotiate with updated income information. Keep your income details updated with TD Bank and highlight any recent increases in your overall income to show your improved ability to handle more credit.
- Cut down on debt. By reducing your outstanding balances, your debt-to-income (DTI) ratio decreases, making you a more favorable candidate for a credit limit increase.
- Regularly use your credit card. Use your credit card regularly and responsibly, without maxing out the limit, to show that you manage your credit effectively.
- Enhance your credit utilization ratio. Aim to keep your credit utilization below 30%, proving to TD Bank that you’re using your credit wisely.
- Avoid applying for new credit. Avoid applying for new loans or credit cards before requesting a credit limit increase to minimize multiple credit inquiries.
- Show financial stability. Demonstrate long-term financial stability, like maintaining a steady income or job, to reassure TD Bank that you can handle a higher limit.
- Evaluate your spending. Monitor and manage your spending habits to ensure you’re not overspending, which can improve your credit profile and make you a better candidate for an increase.
Pros & Cons of Getting a Credit Limit Increase With TD Bank
| PROS | CONS |
|---|---|
| Provides you with an emergency safety net | May increase total debt |
| Helps improve your credit score | Impacts credit score due to hard credit check |
| Increases purchasing power | May affect your credit file if your multiple credit applications get rejected |
What to Do if TD Bank Denies Your Credit Limit Increase Request
If your request is denied, you’ll be notified by mail within 7-10 business days. In the meantime, here’s what you can do:
- Understand the reason for denial. Review the letter or email explaining why your request was denied and address the issues mentioned.
- Pay existing debt. Reduce your debt-to-income (DTI) ratio by paying off existing balances, as this could improve your chances in the future.
- Check your credit report. Order your credit report and review it for errors. Dispute any inaccuracies to improve your credit profile.
- Consider applying for a new credit card. If denied by TD Bank, explore other credit card issuers that offer cards better suited to your financial needs. Here are two options to explore:
- If you don’t have a business credit history, you may opt to check our top credit cards for new businesses with no credit history.
- If your score is less than 670, a good alternative would be any of our leading fair credit business credit cards and top secured business credit cards.
Pros & Cons of Applying for a New Credit Card
| PROS | CONS |
|---|---|
| Builds credit over time when used responsibly | May include high interest rates |
| Protects against purchases that were lost or damaged that were made with your card | Impacts your credit score |
| Lets you pay off your debt if the card has a long 0% introductory period | Additional account to manage |
Alternative Credit Cards Known for High Credit Limits
If you’re looking for alternatives to TD Bank that are generous with credit limit increases, consider applying for these credit cards. These options offer easy application processes and are known for their potential to provide higher credit limits, especially for responsible users:
Blue Business® Plus Credit Card from American Express
The Blue Business® Plus Credit Card from American Express
BEST FOR:
Pocketing 2x points per $1 and 0% introductory APR for 12 months
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% - 25.74%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. Terms and limitations apply.
- You’ve got the power to spend beyond your credit limit* with Expanded Buying Power. *The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply.
Pros
- $0 annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% - 25.74%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. Terms and limitations apply.
- You’ve got the power to spend beyond your credit limit* with Expanded Buying Power. *The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply.
Pros
- $0 annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
This card is our overall best high-limit business credit card. It is a great alternative if you’re unable to secure a credit limit increase on your existing card. Its Expanded Buying Power feature allows you to spend beyond your credit limit, with flexibility based on your credit profile and payment history. With $0 annual fee and unlimited cash back, it’s a cost-effective option for managing business expenses. This card is also highly recommended for real estate agents due to its spending flexibility and rewards structure.
American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% – 25.74%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% – 25.74%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
This card is an excellent option for small business owners seeking expanded buying power. This card offers a fast approval process, and its Expanded Buying Power feature allows you to exceed your credit limit for larger purchases. The amount you can spend above your limit adjusts based on your payment history, credit score, and usage. American Express is known for its generous credit limit increases, particularly if you maintain a strong account history and utilize your card responsibly.
Chase Sapphire Reserve®
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BEST FOR:
Those who want to receive exceptional travel rewards and benefits
- 60,000 bonus points (worth $900 in travel) after spending $4,000 on purchases in the first three months after opening an account
- 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 10x total points on Chase dining booked through Chase Ultimate Rewards®—these include prepaid restaurant reservations, ordering takeout, or joining virtual cooking events
- 5x total points on flights when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 3x points on other travel worldwide after the first $300 is spent on travel purchases annually
- 3x points on dining and restaurants (including eligible delivery services, takeout, and dining out)
Pros
- With $300 annual travel credit
- Lucrative rewards at 50% more when redeemed through the Chase Ultimate Rewards®
- With complimentary airport lounge access
Cons
- Charges $550 in annual fee
- Does not offer a 0% introductory period on purchases and balance transfers
- Requires excellent credit
- Luxury Hotel & Resort Collection™: You can secure the Luxury Hotel & Resort Collection™ and upgrade your hotel accommodations with room upgrades, complimentary daily breakfast, late checkout, and a special benefit of up to $100.
- Travel accident insurance: You are eligible to receive accidental death or dismemberment coverage of up to $1,000,000 when you pay for your air, bus, train, or cruise transportation with your card.
- Purchase protection: You can get protection for purchases made using your card against damage or theft within 120 days from the date of purchase. You’re allowed a maximum of $10,000 coverage per claim and $50,000 annually.
- Return protection: You can receive coverage if the eligible item bought with your card isn’t taken back by the store. You can be reimbursed for eligible items within 90 days of purchase, up to $500 per item and $1,000 per year.
- 60,000 bonus points (worth $900 in travel) after spending $4,000 on purchases in the first three months after opening an account
- 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 10x total points on Chase dining booked through Chase Ultimate Rewards®—these include prepaid restaurant reservations, ordering takeout, or joining virtual cooking events
- 5x total points on flights when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 3x points on other travel worldwide after the first $300 is spent on travel purchases annually
- 3x points on dining and restaurants (including eligible delivery services, takeout, and dining out)
Pros
- With $300 annual travel credit
- Lucrative rewards at 50% more when redeemed through the Chase Ultimate Rewards®
- With complimentary airport lounge access
Cons
- Charges $550 in annual fee
- Does not offer a 0% introductory period on purchases and balance transfers
- Requires excellent credit
- Luxury Hotel & Resort Collection™: You can secure the Luxury Hotel & Resort Collection™ and upgrade your hotel accommodations with room upgrades, complimentary daily breakfast, late checkout, and a special benefit of up to $100.
- Travel accident insurance: You are eligible to receive accidental death or dismemberment coverage of up to $1,000,000 when you pay for your air, bus, train, or cruise transportation with your card.
- Purchase protection: You can get protection for purchases made using your card against damage or theft within 120 days from the date of purchase. You’re allowed a maximum of $10,000 coverage per claim and $50,000 annually.
- Return protection: You can receive coverage if the eligible item bought with your card isn’t taken back by the store. You can be reimbursed for eligible items within 90 days of purchase, up to $500 per item and $1,000 per year.
This card is a great choice for individuals who want a card that provides a high initial credit limit and generous increases over time. Chase is known for offering high credit limits, especially for those with good credit scores. It also rewards responsible spending with bonus points for travel and dining. Additionally, customers with strong financial profiles can see their credit limits increase after demonstrating consistent, timely payments. However, keep in mind that it comes with a higher annual fee compared to other cards.
Frequently Asked Questions (FAQs)
TD Bank is located in the following states:
- Connecticut
- Delaware
- Florida
- Maine
- Maryland
- Massachusetts
- New Hampshire
- New Jersey
- New York
- North Carolina
- Pennsylvania
- Rhode Island
- South Carolina
- Vermont
- Virginia
If approved, your new credit limit will appear in your online banking within 2 business days. If denied, you’ll receive a written notice by mail within 7-10 business days.
When requesting a credit limit increase, TD Bank might ask for specific documents to verify your financial situation, including:
- Proof of Income: These documents may include recent pay stubs, tax returns, or an employment verification letter.
- Employment Information: If you’ve recently changed jobs, you may need to provide details about your current employment.
- Updated Financial Statements: If you’re self-employed, bank statements or other income verification may be required.
- Identification Documents: A government-issued ID (driver’s license, passport, etc.) may be needed to confirm your identity.
Bottom Line
Increasing your credit limit with TD Bank gives you more financial flexibility and can improve your credit score when handled responsibly. Whether you request an increase by going on its online banking platform or mobile app, calling its customer service hotline, or visiting a branch, ensure your credit profile is in good shape before applying. Focus on paying your bills on time, reducing your debt, and updating your income details to improve your chances of approval. While a higher limit brings advantages, it’s essential to use it wisely to avoid overspending or building up unnecessary debt.