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Because I didn't want the temptation to use it. Especially if I found myself in a challenging position. I'd far rather have it brought down to a limit I would
by anexprogrammer 11y ago
Because I didn't want the temptation to use it. Especially if I found myself in a challenging position. I'd far rather have it brought down to a limit I would choose. They increase it precisely to tempt you to use it, after all.
At one point I had as much available credit across two cards as balance on the mortgage, whereupon I decided it was silly and I'd like them to reduce please.
- randlet 11y agoOK thanks. I was worried I was negatively impacting my credit rating somehow. My few minutes of research indicate that having a higher limit may actually be beneficial to someone like me who never utilizes my available credit.
- dcherman 11y agoThe ratio of available to utilized credit definitely does impact your credit score positively. That's why for a while, I would periodically ask for limit increases 1-2 times per year on all of my cards even though I will never come close to the limits. You don't want to do this too often though; I think asking for an increase may incur a credit pull. Too many of those can hurt your score.