- Centurion Member
- Posts: 197
- Joined: Sun Dec 12, 2010 11:26 am
- Location: Florida
My WellsFargo Visa has a limit of only $500, while my other cards (AMEX, Discover, Chase, Citi, BofA) have limits of 5k, 7.5k, 5k, 5k, and 10k, and they (WF) won't raise the limit.
So the card gets used for automatic toll payments and nothing else and gets paid off every month. Way to maximize profits, WF.
Back to the OP, if the bank has an unfavorable view of the account, which you can get with over-utilization, they often drop the limit as you reduce the balance in an effort to reduce future risk exposure. If you read back through the site you'll see several posts on the subject.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.