getting unsolicited increased credit limits
 

looking for thoughts/opinions on how to handle these. ive received a couple letters notifiying me my credit limits have been increased on some of my cards. i did not request them and was thinking of asking they reduce it back to what it was originally. my thought is that when i close the account it will have a large impact on my credit score since there was a higher limit... anything i'm missing?:rolleyes:

It's always wise to reduce credit limits way down before closing accounts.

I would contact the banks in question to let them know that you do not want them raising your credit limits unless you request that they do so.

thanks muji!

I don't follow the reasoning.

Let's say your aggregate credit limits are $100,000 and you receive a pair of unsolicited increases to $110,000. If you rollback those increases it will have exactly the same impact on your Utilization as if you had closed an account with a $10,000 limit. There may be good reasons to decline an increased limit, but it won't change the effect of closing those accounts.

Because the change in credit score is not resulted from the closure itself, but as a consequence as the debt-to-credit ratio increase due to the credit reduction.

Your debt to credit ratio still goes down whether you close the card or lower the limit...so why wouldn't you just close the card ?

Why, and why?

Why do either, unless you're trying to churn or avoid an AF?