How do you avoid a credit limit reduction? This question is about Credit Cards

How do you avoid a credit limit reduction?

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This question is about Credit Cards

Vivian Harper, Member

@vivian_harper • 09/04/20 This answer was first published on 09/04/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You can avoid a credit limit reduction with a few simple, mindful steps:

Pay your bills on time and in full, if possible
Reduce your credit utilization ratio, because a ratio of 30% or more can start to hurt your credit
Don't stop using your credit card, because this could cause a reduction, too.

If your credit limit has already been lowered, you could contact your credit card company to find out the reason. This way you might be able to take action for it to be restored.

You should also check your credit reports for any negative information or possible errors which could be corrected.

If all else fails, you'll just have to start using your credit more responsibly in order for your credit company to consider a future credit limit increase.

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