New Delhi, Aug. 31 -- Credit cards have become an essential and convenient financial tool nowadays, offering flexibility when making purchases. At times, when carrying cash is cumbersome and risky, a credit card becomes a saviour for expensive purchases.

Credit card companies often offer to extend the credit limit, allowing their customer's to spend more. Listed below are 4 reasons to increase your card limit.

Improves credit score: Since the credit utilisation ratio influences the credit score, one can improve it by increasing the credit card limit. When the limit is higher, debt decreases relatively, helping maintain a good credit score and making it easier to secure loans. Hence, an improvement in credit score through a limit increas...