It's good because it means you've demonstrated you can reliably borrow and pay off what they previously allowed. But don't feel pressured to spend more just because they allow you to. Just continue to only spend what you can pay

yes. having more credit is a good thing. and no, you’re not being set up. they only increase your line IF you have good credit and make your payments. if you’re unable to say, make your limit of $500 credit card payments they are not increasing you - but if you are, they will. and this is a good thing for having a good credit score in the future. if you need a loan or a mortgage in the future, this type of credit history will help.

I don't have a credit card

Can you afford triple the debt?

No. Because you seem a reckless spender.

.. It might be good when they also reduced the interest rate for that limit? But having a reasonable limit is good when you need a short term credit. But almost nothing is as expensive as a credit card loan.

They’re trying to tempt you: purchase MORE! 😉

Its a great thing for them, it means they can't put in you bigger debt while giving you the illusion you have money to spend.

Sean has a good point. I think it can only be a good thing if you're smart, because it comprises an increase in your freedom/ability with how much you want to charge at once. In other words, you can now charge three times as much, but you don't have to. But on the other hand, it's easy to fall into a bigger trap that way if you're not smart/careful. Another good thing about it is that it probably indicates your credit score is increasing. Well, I guess in your country they don't have credit scores, idk.

They are setting up a debt trap, they want you to carry a balance (that they can charge interest on) just be careful though and it's not really a problem necessarily