Originally Posted by travelwave
What is the best strategy to take if you are denied for having sufficient available credit with a bank? Close cards? reduce limits? or both?
As soon as the card arrives to your residence you should be calling the issuer and asking them to reduce the credit limit to the minimum they allow for that particular card (usually around 5k but it varies).
Depending on your specific situation card issuers can decline you for too much credit, even though it was issued by another bank.