I’ve only got a mid four-figure limit on my card and pay any charges off each month. A few months ago the company doubled the limit. Had ‘em put it back down as I had no need for that much, as well as the risk of something like this happening.
Smart. I will think about doing that, but I do pay-off the balance in 29 days on the one CC I have, to avoid interest. I’m totally debt-free, owning everything and owing zero. Only use the CC for small online purchases now.
“Had ‘em put it back down as I had no need for that much, as well as the risk of something like this happening.”
That helps your credit rating as well to have it lower; having a lot of available credit makes you a bit more of a risk.