Originally Posted by
NoStressHere
You are right. Nobody said anything about canceling cards. They did talk about reducing credit which is similar to canceling SOME credit.
My theory (which is not proven) is that once credit goes away, you might not get it back.
And I do understand you can not move credit from personal to business. But - if you are the "guarantor" or owner of the business card - it still relates to your overall credit they are going to give you. So, in that case, maybe a reduction would help.
Your theory has been disproven time and again by the numerous folks who reduce their credit limits prior to applying for a new card which grants them......more credit.