MemberSince99 wrote:I can't find any proof to back that claim, only what I saw in my score which as I said could be other factors, though heck if I know what.
FICO do not use dollar values in their mainstream scoring algorithms. Period. Their goal is to be income neutral, so that someone with $20 in annual income can have as good (or bad) a score as someone with $20,000,000. (They fail at that, but for other reasons; for the range of income covered by the middle class, they don't do badly.)
That's not to say that some lenders may not consider limits in figuring what they think of you, but they're reasonably good at discarding outliers. I wouldn't close an account, just because it's got a low limit. If there's a fee, sure, but if it doesn't cost you anything, sock drawer it, get on with your life.