If a credit card issuer cuts your credit limit, you won’t be able to charge as much on the card, and you might see your credit scores drop. This happened to many cardholders in 2020 amid the economic uncertainty of the COVID-19 pandemic, for example. A lower credit limit could be bad, depending on how…

Gregory Karp writes for NerdWallet. Email: gkarp@nerdwallet.com. Twitter: @spendingsmart.

The article What to Do if a Credit Card Issuer Lowers Your Credit Limit originally appeared on NerdWallet.

Read More