What affect will income decrease have on credit card limits

What affect will income decrease have on credit card limitsWhat affect will income decrease have on credit card limits
Neila asked 3 years ago

My sisters’ husband recently passes away and she has lost his income which was about $ 20,000.  Her household income is now only about $ 16,000 per year.  She has 2 Quicksilver cards from Capital One that she has had for about 5 years.   Once she reports her lower income will Capital One lower her credit card limits? Her limits are currently $ 5,000 and $ 7,500.  She has a small balance of $ 200 on one of the cards.  In good standing; never late.

 

 

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