Keep the Information Flowing
Small contributions go a long way. Your donation to Consumer Action, a 501 (c)(3) nonprofit, nonpartisan organization, can help us cover the cost of research, writing, and translation of our materials. To keep our services free for those who need them. Select an amount to give.
Released: February 15, 2012
Help Desk FAQ
Credit Cards
Can my credit card issuer reduce my credit limit?
Yes, a credit card issuer can lower your credit limit. This might happen if the company perceives a greater risk of your defaulting, either through information in your credit report or how you have been managing your card account.
The company should send you a notice at least 45 days in advance of the credit limit reduction.
Mail from card issuers often goes unread, or may even get lost. Signing up for text alerts may help you receive and take notice of important information about your account sooner than by mail.
Quick Menu
Support Consumer Action
Join Our Email List
Consumer Help Desk
- Help Desk
- Submit Your Complaints
- Presente su queja
- Frequently Asked Questions
- Links to Consumer Resources
- Consumer Service Guide (CSG)
- Alerts
- Consumer Booknotes