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I have a credit card with a CL of $13,000. Great, right? No, because the APR on this card is absolutely terrible. The worst. I don't know if it came with that APR when I got it as a younger, more naive lookinup, or if I did something to shoot it higher during my time with the card (though I don't have anything derogitory on my CRAs stemming from this card.)

They refuse to lower my rate.

I tried for another card in the hopes of transfering my balance and paying it off (something I've buckled down and am making very good process on, despite the ridiculous APR). I was denied though I have "good" scores (650-700 range). Part of that may be one old CA account I'm working on getting off my CRs. But I'm wondering if the high CL on my current card is part of the problem. I've heard that CC don't want to give you too much credit in fear that if you have all that available room on your cards, you might go on an orgiastic shopping spree and then fail to pay it all off.

So should I and can I ask for a credit line decrease on that card? Or will this just hurt my scores (utilization) and not help get another card?

Or do I just suck it up and continue to pay this card off? Get rid of the CA TL and apply for another card?

The card is a BofA Visa and it is the only card I have, so I'll be keeping it even after I pay it off because I need the TL.

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I have a credit card with a CL of $13,000. Great, right? No, because the APR on this card is absolutely terrible. The worst. I don't know if it came with that APR when I got it as a younger, more naive lookinup, or if I did something to shoot it higher during my time with the card (though I don't have anything derogitory on my CRAs stemming from this card.)

They refuse to lower my rate.

I tried for another card in the hopes of transfering my balance and paying it off (something I've buckled down and am making very good process on, despite the ridiculous APR). I was denied though I have "good" scores (650-700 range). Part of that may be one old CA account I'm working on getting off my CRs. But I'm wondering if the high CL on my current card is part of the problem. I've heard that CC don't want to give you too much credit in fear that if you have all that available room on your cards, you might go on an orgiastic shopping spree and then fail to pay it all off.

So should I and can I ask for a credit line decrease on that card? Or will this just hurt my scores (utilization) and not help get another card?

Or do I just suck it up and continue to pay this card off? Get rid of the CA TL and apply for another card?

The card is a BofA Visa and it is the only card I have, so I'll be keeping it even after I pay it off because I need the TL.

Your scores will tank. Just suck it up and pay it off. Also do some reading around here and pick up some new TLs... you haven't been applying for anything, right?

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OK. That's the advice I thought I'd get. ;)

I am doing well paying it off and should have it payed in about 6 months at the current rate.

I don't have any hard inquiries showing.

Sounds like you do need to start acquiring some more TLs... but it's hard to advise without knowing more (what else is on your reports, scores for each bureaus etc.) But do some poking around in the meantime and you're sure to come across a card or two that fit your situation!

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I have this card, which goes back to 2001. I have a TL for a card I am an AU on, which goes back to 1992. I have student loan TLs. All are good, never lates.

The only negative on my report is a CA trying to collect an alleged debt from 2000. I am in the process of DVing this right now.

My highest FICO is 700 on Equifax. I haven't bought my numbers from the other CRAs.

Right now I am carrying a balance of ~ $4,000 on the above card and I'm paying ~ $600 off a month.

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