ADVICE ANYONE!!!!

[kpresod]

Dear Reader,

I've been gardening for few months now, and I've applied and got approved for the following accounts; Walmart $500, Cap1 Green Cash Rewards Step program $300, PayPal Smartconnect $300, and Credit One $400. However, I've got a Cap1 Secured credit card that's in good standing with a $1000 CL (13months old). I would like to decrease my credit limit to $500. I'm aware by doing this may affect my credit score, but I'll like to find out if doing this would be a good idea? I mean I'll practically get reimbursed $500 if I do this of which I'll just put aside. Please share your opinion(s) as it would be used in my decision making. Thanks in advance!

[delayedinsanity]

I think the decision on that really lies with you. Do you need the money, or would it make more sense to leave it "in the bank"?

[ILBrian]

I believe it would work better for you to maintain the higher credit limit... the others are more likely to auto-cli you up to that limit... unless you need the money of course...

[Anonymous]

I think you should keep the money invested in the card to maintain the higher CL.  I think in the long run it will help you out more.

[kpresod]

Thanks guys, so I'll leave it as is....and nope I don't need the money. Just thought that since the only way I could ever receive a CLI is to actually add more money to the card. Since I'm not going to be doing so, I wanted to reduce the limit and put that extra cash aside.