Obtaining a $20,000 credit limit on a credit card quickly can be a challenge but with the right app

Here are some tips on how to increase your credit limit:

1. Strong Credit History: Make sure to maintain a good credit score of at least 700. A higher score is a positive signal to lenders, indicating lower risk and increasing the likelihood of extending a larger credit limit.

2. Stable Income: Lenders want to see that you have a steady income to repay your debt. A higher income can justify a higher credit limit.

3. Low Debt-to-Income Ratio: Lenders look at your debt-to-income ratio to evaluate your ability to repay the debt. A low ratio can be a positive signal for a higher credit limit.

4. Apply for Premium Cards: Some premium or elite credit cards come with higher starting limits. However, they may also have annual fees and require a certain level of income.

5. Consider a Secured Credit Card: If you have enough cash, you could consider getting a secured credit card. With these, you deposit a sum of money as collateral, and that amount often becomes your credit limit. Over time, with responsible use, the lender may increase your limit beyond your deposit or offer you an unsecured card with a higher limit.

6. Build with Existing Cards: If you already have credit cards, use them responsibly. Over time, you can request a limit increase. Once you have a higher limit on one card, other lenders may be more inclined to offer a comparable or higher limit.

7. Ask Directly: After using a card responsibly for a while, you can call the credit card company and ask for a credit limit increase. They may or may not grant the full amount, but it's worth a shot.

8. Avoid Multiple Applications: Every time you apply for credit, it can result in a hard inquiry on your credit report. Too many inquiries in a short time can negatively affect your score.

9. Maintain a Low Utilization Ratio: Keep your credit card balances low relative to your credit limits. A utilization ratio below 30% is generally recommended.

10. Regularly Check Credit Report: Check your credit report regularly to ensure there are no errors that might be bringing down your score. You're entitled to a free report from each of the major bureaus annually.

11. Relationship with the Bank: Having a strong banking relationship (like a checking/savings account, mortgage, or personal loan) with the lender can sometimes help in getting a higher limit. They have a better understanding of your financial habits.

Remember to use credit responsibly. Just because you have a high limit doesn't mean you should use it all. High balances can lead to significant interest payments and potential debt problems. Always aim to pay your balance in full each month to avoid interest.