Originally Posted by
jiaogulan
So, basically I just call in and tell the agent I want to lower the limit on my credit card(s) with them? Do they typically ask why? If so, what do you say?
I have no need for a credit limit of more than $1,000 on a card, so I always lower my card limits down to just $1,000.
More than once an agent has told me that I need to keep the limit at at least $5,000, but upon calling back a different agent has always been able to lower the amount down to $1,000.
Typically they will not ask you why. When I call credit card companies, if they ask why am I closing a card or why am I lowering a credit limit, I simply state "This is what I'd like to do". They usually leave it at that.