Originally Posted by
gnomey
Thanks for the tip. I also lowered the CL for my Barclay M&M card yesterday to $500. How soon after lowering do you cancel your card? Thinking of canceling mine about 10 days from now.
I dont think there is an exact science to when to cancel after you lower your credit limit, in normal cases i let at least one statement close on the new credit limit, this is a personal preference when i have plenty of time.
i also believe 10 days should work just fine for you.