[user104658]

Originally Posted by Gusto Brunt

It also affects your credit rating. If you're losing £2,000 of available credit. Or more.

Yep I spent bloody ages getting my credit cards down, I took out far too many when I was at university and two with quite high limits (£4000 and £3200) and I made the effort to get them all in order, so my cred it utilisation %age looks great… if they lower the limits on those cards my total utilisation will shoot right up . And I’m just on the verge of my credit rating FINALLY being back in good standing - I had a daft default on a Vodaphone contract 6 years back, and it finally expires in January 2022). I’ll be fuming if they lower my credit limits .