Credit Tips: Reducing My Credit Limit

Posted On: September 1, 2004

Doug- Guest
Posted: Mon Jun 09, 2003 4:12 am

Board Monitor, I have an authorized credit limit of over $22,000 on an MBNA card and I fear that it may keep going up. The balance I owe is zero. I don’t feel that I need such a high authorized limit, but I am concerned that if I request a reduction that either MBNA and/or the Credit agencies, i.e. Equifax, Transunion, (I forgot the other one), will see that as a negative. Do you have an opinion? Thanks. Doug (Yes, the same Doug of a few months ago) BTW, I am curious. How much of a cash back, in American Cash Greenbacks called dollars (remember those?), did you get by buying that minvan on your credit card?

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