I'm wanting to reduce my credit card limit in $500 increments until there is only about $1000 left as my emergency stash.
My question is: I've currently got a $4000 limit which I've reduced from $7500 since I got back from travelling. Back when you could reduce online, as well as increase - now you have to go into a branch to reduce it I could have paid it off but I'm shocking at giving money away to banks, so while I can save that kind of money, it's gone into my new car etc so far.
I've got $563 available on it now so I want to go into a bank and drop the limit to $3500 tomorrow (meaning there will be $63 only on the card - not a prob to me). Will they let me drop it if there's only going to be that much left on the card? I get paid on Thursdays and will chuck another $200 or so next week but there'll only be $63 til then.
Grrr. Was so much easier to do it online!!!