Originally Posted by
flyer4512
I have never heard of a card that wouldn't let you decrease the CL but I have been told this twice via SM.
Has anyone else ever experienced this ?
I am traveling for work and don't have the card with me, when I return home I will call and /or chat to see if I get a different response.
I lowered my 10 year old Cap1 from $30k to $5k about 6 months ago via SM with no problems. Until I started looking for new cards, I had no idea my Cap1 was that high. They just kept raising it and raising it. I just told them my current limit and the desired limit and they lowered it.
And I completely understand why you lower it! Helps so much with the instant approvals! And why should any company get to decide that your available credit must be with them!