Question About Credit Limit & Balances

  1. #9611
    maverick
    Maverick Member
    Reply

    Question About Credit Limit & Balances

    Hello, I hope someone can help me with this.

    I owned 3 credit cards from different banks (BPI, BDO and Metrobank) eventually I would like to cancel 2 of them since I can’t handle all of them or at least lower the credit limits. How do these actions will affect my credit rating, will it have a positive or negative effect or what is the best thing that I can do with it? Any help or suggestion would be greatly appreciated.

  2. #11032
    Marjorie
    Marjorie Guest

    Reply To: Question About Credit Limit & Balances

    it won’t as long you will secure a clearance from those banks and of course, for you to have a clearance, make sure all the outstanding balance are paid.

  3. #11971
    Sonny
    Sonny Guest

    Reply To: Question About Credit Limit & Balances

    maybe it is good to plan some kind of strategy, like, use “credit card A” to pay for “credit card B” and use “credit card B” to pay for “credit card C”. this way, it is like prolonging the period of payment for each account. ;)

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Reply To: Question About Credit Limit & Balances

+ 80 = 88