Responding Limit Decrease Credit Card

Imagine when you are so eager to stand in line to make a purchase, then find embarrassing experience when having your credit card rejected / declined. When the cashier returns the credit card, you must be wondering why your card could be rejected, you pay your bills on time, the last time you know for sure that your credit card is still active. So you step outside to call the call center credit card and get the credit limit has been reduced to a number on your credit card bill.

If your credit limit is cut until the amount of usage, you will face an overlimit fee will be charged by your credit card issuer every time you transact exceeding the credit limit. Your credit score can also be affected because now you look like a credit card had been used to its full potential.

Things You Need to do Now:
You can pay bills usage. To protect your credit score, it is a good idea to keep your credit card balances below 30% of your credit limit. If you have enough money, you can make a lump sum payment (paid). Not only does your credit score more awake, you also reduce the risk of overlimit fees.

Transfer the balance to another credit card is one option. Ideally, a new credit card should have a higher credit limit than your current credit card. Beware of balance transfer fees that may charge high fees to transfer balances to a new card your bill.

Contact your credit card issuer call center to speak to the possibility of getting a higher credit limit as before. Depending on the reason for reduced credit card limit, you may still be able to talk to the credit card issuer for a possible increase in the limit as before. But, do not count.

You may not need to take action. If a card under the credit limit, you can continue to pay the bills at normal speed. Make sure you have the available credit before making a purchase with the card.

Things You Do not Need to Do:
No matter what happens, do not close your credit card while still having use. While you may want to take revenge on the creditors who have cut your credit limit, closing credit card will hurt yourself, not a publisher. Since the card is closed upon usage looks like you have made maximum use of the entire credit card limit (even when that is not really used up), you should at least keep their credit cards remain active until you've actually paid off.