New Delhi, June 20 -- The maximum amount you can spend is called your credit limit. As tempting as it might be to ask for a higher limit, if you're not prepared, it could lead to overspending and problems with debt.

But having a higher credit limit can also provide you greater flexibility financially, improve your credit score, and gear you up for emergencies if you use it wisely. Here's a smart way to ask for a higher credit limit.

Before asking for an increase, you need to know:

You will usually find this on your card issuer's monthly statement, website, or mobile app.

Having a higher credit limit comes with several advantages:

To request an increase to your limit you can:

In conclusion, if managed prudently, a higher credit limit...