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The Credit Limit Increase Request Letter is a formal document used when a credit card holder wishes to request an increase in their credit card spending limit from their issuing bank in the Philippines. This document is typically submitted when cardholders have demonstrated good payment history, experienced an increase in income, or require additional credit for specific purposes. The letter must adhere to Philippine banking regulations, including BSP Circular No. 1048 on Credit Card Operations and the Truth in Lending Act. It should include current account details, requested credit limit, justification for the increase, and current financial information. The document serves as both a formal request and a record of the application, often requiring supporting documentation such as proof of income or bank statements.

1. Sender's Information: Full name, current address, contact details, and account number

2. Date: Current date of the letter

3. Recipient's Information: Bank's name, branch address, and department (typically Credit Card Department)

4. Subject Line: Clear indication that this is a credit limit increase request

5. Current Credit Situation: Current credit limit and length of account ownership

6. Request Details: Specific amount of credit limit increase being requested

7. Justification: Primary reasons for requesting the increase

8. Payment History Reference: Brief mention of good payment history and responsible credit use

9. Closing: Professional closing with signature block and contact information