topic If not use havy will lender reduce the limit on the card? in Credit Cards

If not use havy will lender reduce the limit on the card?

Anonymous — Tue, 26 Mar 2013 13:53:43 GMT

lets say i dont use havy my Citi credit card will lender reduce the limit on the card, considering that i dont carry a balance and i pay before the statement cuts

Thanks for any inputs

Re: If not use havy will lender reduce the limit on the card?

Open123 — Tue, 26 Mar 2013 13:58:57 GMT

Ah, I'd imagine this would depend on what's happening on your utility with other cards, inquiries, new accounts, and other factors such as overall debt and recent negatives/derogs.

But, I've yet to see where a CL was lowered just because a person didn't use the card. Now, I have seen people call for recon, then have CLs lowered after the process of manual review.

Re: If not use havy will lender reduce the limit on the card?

Anonymous — Tue, 26 Mar 2013 14:05:42 GMT

2 % utl

2 new accounts 20k each

No negatives,no lates none of that

6 new inq from the same lender/Citi

Re: If not use havy will lender reduce the limit on the card?

Open123 — Tue, 26 Mar 2013 14:07:46 GMT

@Anonymous wrote:
2 % utl
2 new accounts 20k each
No negatives,no lates none of that
6 new inq from the same lender/Citi

No, theres no AA for this, unless you call them and say, "Hey, my CL is so high! This is awesome for my utili, since I will never use this card again!"

Re: If not use havy will lender reduce the limit on the card?

Anonymous — Tue, 26 Mar 2013 14:13:49 GMT

As always Open you got some really wise advise. You seem to be well educated on the credit area

Thank you

Re: If not use havy will lender reduce the limit on the card?

Anonymous — Tue, 26 Mar 2013 14:41:42 GMT

It's not always a good idea to continously show a -0- balance on your credit cards.

I would suggest that you at least allow one card to report a balance, pay off prior to due date and rotate the other cards

in a similar manner.

Re: If not use havy will lender reduce the limit on the card?

Anonymous — Tue, 26 Mar 2013 14:44:58 GMT

Thats what i was gonna do and it makes perfect sense. That way the lenders are still see activity. Great advice thanks

Re: If not use havy will lender reduce the limit on the card?

Anonymous — Tue, 26 Mar 2013 14:46:34 GMT

heavy

Re: If not use havy will lender reduce the limit on the card?

Open123 — Tue, 26 Mar 2013 14:51:59 GMT

@Anonymous wrote:
It's not always a good idea to continously show a -0- balance on your credit cards.

I subscribe to this adage too.

I sense some lenders now don't like the "paying before your balance reports" thing.