There are many reasons why a credit card issuer could decide to reduce your credit limit.
AdvertisementIntroduction to Credit Line DecreasesYou're cruising along with your favorite credit card when you get a notification that your credit limit's been lowered.
How does a decreased credit line affect my credit score?
A decreased credit line can increase your credit utilization ratio, potentially lowering your credit score.
AdvertisementKeep your credit utilization low, make payments on time, regularly use your credit card, and maintain a stable income.
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