Originally Posted by
NYCRuss
Your FICO scores will still drop. You're also likely to get smaller limits as you are now demonstrating an ability to responsibly handle credit at a reduced level.
Not true. We have been doing this with every bank for over a year. Before we lowered our CLs, we were getting CLs of $5K to $8K with Citi and Chase, and typically had to call Recon to get approved.
We now get instant approvals in the $18K to $23K range with Citi and Chase. And Citi lists my EXP CR as 830, despite my @15 apps per year.
