I'm a credit card churner, with excellent credit score and always pay full balances on time.
I just applied and got approved for a Chase Freedom ... with a $26,000 limit when I think the spending on this card is really going to be more like less than a $1,000 per month. That made me wonder how much my credit limits were on other cards and it's a staggering $122,000 in total! Plus I have an Amex with no limit.
So everywhere I've read (via google search) has said not to lower your limit as it will affect my credit score, but it just seems over the top for me and worries me to have so much money available for someone to steal. I know I should be protected in the event of theft, but mentally this is weird for me to have so much available credit.
If I asked for a reduction on a couple of cards to bring my total credit limits to $80,000 to 90,000 is it really going to adversely affect my credit score?