I was talking with friends over the weekend when one of them asked me a question I’d, surprisingly, never saw before (I would also later see it on Reddit). My friend received a letter in the mail from his credit card company that “congratulated” him on his good credit behavior. It also increased his credit limit by about 25%. Nominally, it wasn’t a huge increase but it was a large enough number that my friend thought about it.
A little bit of background (self-reported, I only asked because I told him I was going to write a post about it) – he has no credit card debt, has pretty good credit, has a car loan and a mortgage. The letter he received wasn’t written in a way that asked him if he wanted the increase, it simply told him that it was increased. (in theory, he could call them and ask to have it reduced but the default was acceptance).
So should he accept it?
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