MBNA - Reduce my credit limit?

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Apr 21st, 2016 11:03 am

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Apr 19th, 2016 11:56 am

604nation [OP]: Deal Addict; Aug 31, 2014; 1505 posts; 560 upvotes; YVR, BC

Apr 19th, 2016 11:56 am

MBNA - Reduce my credit limit?

Without warning MBNA reduced my credit limit on my RWE M/C by half? from 18,000 to 9,000?

No late payments or issues with my credit report or score?

Not carrying any large balances on any cards etc

Has anyone experienced this from MBNA - appreciate and info before calling them today

6 replies

Apr 19th, 2016 1:13 pm

jerryhung: Deal Expert; Sep 19, 2004; 25552 posts; 7402 upvotes; where I belong

Apr 19th, 2016 1:13 pm

did you apply any other MBNA cards recently?

They're known now to reduce or even auto-close other MBNA cards, if you sign up for more ...

See this reply in MBNA 0% card too, cutting limit in half also
official-rfd-mbna-0-12-months-thread-81 ... st25730715

Which Credit Cards to sign up? >> Jerry's List of Credit Cards with $200+ Welcome bonus/Aeroplan & AMEX Churning FAQ
AMEX Platinum/Biz Plat 100K || Aeroplan Reserve 150K

+2

Apr 19th, 2016 10:41 pm

604nation [OP]: Deal Addict; Aug 31, 2014; 1505 posts; 560 upvotes; YVR, BC

Apr 19th, 2016 10:41 pm

Thanks Jerry - called them and they said I had two cards with them and equalled the limits for both to the same limits

Apr 20th, 2016 10:26 am

jfmartel: Deal Addict; Mar 11, 2007; 4173 posts; 1332 upvotes; QC

Apr 20th, 2016 10:26 am

Same thing just happened to me. They lowered my main card (Smart Cash) by the amount I got accepted for the Platinum Plus. Funny thing is that I just had accepted their proposal for an extra credit limit. It almost even up.

Apr 20th, 2016 5:30 pm

westcoastyvr: Deal Addict; Nov 30, 2011; 1105 posts; 468 upvotes; HRM

Apr 20th, 2016 5:30 pm

If you have existing cards and apply for new, rather than declining you outright they will talk to you about utilizing credit limits of other cards to shift around so you can get new card. For example, card 1 is 10K limit and card 2 is 5K limit. You apply for card 3 and rather than decline you they reduce card 1 to 5K limit and issue card 3 with 5K limit.

Apr 20th, 2016 11:51 pm

gqbluez: Deal Addict; Sep 7, 2004; 1599 posts; 620 upvotes; Toronto

Apr 20th, 2016 11:51 pm

Does anyone know if this happens if you have an MBNA card and then get TD credit card? I just applied for and was approved for a TD visa and I have the SC but have not seen a credit limit adjustment.

Realistically I have a higher credit limit than I am ever likely to use but how does this reflect on ones credit score if it looks like the lender has reduced your available credit?

Apr 21st, 2016 11:03 am

jfmartel: Deal Addict; Mar 11, 2007; 4173 posts; 1332 upvotes; QC

Apr 21st, 2016 11:03 am

gqbluez wrote: ↑Does anyone know if this happens if you have an MBNA card and then get TD credit card? I just applied for and was approved for a TD visa and I have the SC but have not seen a credit limit adjustment.

Realistically I have a higher credit limit than I am ever likely to use but how does this reflect on ones credit score if it looks like the lender has reduced your available credit?

I applied for the TD infinite and it didn't lowered my MBNA limit.

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