A while back I got an offer for a low interest rate credit card. I called to ask about it because I wanted to transfer a high rate card balance to a much lower interest rate.
They said I was declined (I wanted a $9000 or so limit)....but in the mail a couple of weeks later I got an actual card, ready to go with a limit of $3000.
Is that common? I figured since I was declined that was end of story. The person on the phone didn't say anything about a lower limit etc yet I got a card in the mail, info on the limit, and the peel of label that said to activate it call the automated #....I was kind of shocked to say the least. I now have an extra card that I don't use but figured in an emergency it might be good to have. I haven't activated it though.
A better idea would be to save up $3K in an instant access savings account for emergencies- Capital One has one that pays ~5% interest. Then shred that card (but don't close the account - the extra 'room' on your CR will be handy)
Shredding the card will mean it eventually goes inactive. Don't shred the card. Just use it for small purchases once in a while and then pay the purchases off promptly. And bug them for CLIs every six to nine months or so.
- - - - in a credit-scoring postnuclear Stone Age...