GM Cards Credit Line Increase

Most customers will receive a decision instantly on Marcus dashboard and via email within 10 minutes. In some cases, it may take up to 3-5 calendar days to receive our decision via email or direct mail.

Yes. You aren't eligible to get a credit line increase, if you've received an increase within last 90 days or have got onboarded as a GM card customer in the last 90 days. This way we are able to consider updates to your GM Card account history and credit history over a longer period of time, and hence able to better evaluate you for a credit line increase. 

We carefully review your GM Card account history and any new credit bureau (TU) information received as part of servicing your account. Based on this information, we decide if we can increase your credit limit at this time. If your request is declined, please refer to the notice we’ve sent, for additional details

We will review your GM Card account history including your spending and payment history, along with any updated credit bureau (TU) information we’ve received as part of servicing your GM Card account. We consider a variety of factors in evaluating any credit limit increase, including:

• • Your latest TransUnion FICO Score
  • Your usage of the existing credit limit 
  • Your payment history eg., if you made payments on time, paid all or a significant proportion of your monthly balance
  • Your credit history on accounts in your credit report
  • Your recently reported income, with us 

We carefully review your GM Card account history and any new credit bureau information received as part of servicing your account. Based on this information, we decide what credit line we can offer you. You can request another credit line increase but we recommend waiting at least 90 days. That way we can consider updates to your GM Card account history and credit history over a longer period of time.

We will not be pulling the customer's credit report. We will use the existing credit bureau data we have as part of servicing your account. There will be no effect on your current credit score.

• To review your credit line increase request, we will look at your annual income, your GM Card account history and any new credit bureau information received as part of servicing your account. 

To determine total annual income, please include all sources of income, including Income from assets. Example sources of Income can include: 

• • Wages from full-time, part-time, or seasonal jobs
  • Self-employment income
  • Interest or dividends from investments
  • Retirement Income
  • Public assistance
  • Shared income from someone else that is regularly deposited into your individual account or into a joint account

If you include non-taxable income/benefits, increase amount by 25%

If you are 21 or older, you may also include the portion of someone else’s income that is regularly used to pay your expenses.

We will not be reducing any existing lines of credit as a result of a credit line increase request.