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Donald Trump and Elon Musk speaks after winning the 2024 Presidential ElectionYou can check with your bank about the same. Most banks themselves offer an annual increase. Even if you don't need one, it can help to take the annual credit. You can likely only ask for an increase on one card at a time every six months. You can't ask for a raise on all of them at once. What determines a credit limit increase? � Payment history: Do you pay your bills, including monthly credit card bills, on time? � Current.