Although it seems the pace of credit limit cuts has slowed recently, they are still an issue many of us have to deal with. The same goes for the relationship between balance transfers and credit limits.
Two helpful articles on this subject on our site include, “What to Do When Your Credit Limit is Cut,” and “How Balance Transfers Affect Credit Scores.” If you are interested in learning more about protecting your credit score after a limit decrease or before a balance transfer, you may find these quite useful.
I want to thank a visitor named Lisa that brought this issue back to my attention. She sent me a nice email which you can read below:
“Thank you for this site. I just had my credit limit cut in 1/2 by Bank of America and my credit is quite good. Needless to say, I was informed verbally that this was because of changes in the company and that it would not really affect my credit score. Thanks to your site, I now understand the impact their change will have on my credit score.”
I couldn’t have written better praise for Smart Balance Transfers myself. Hope we can help you out as well.
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