To the limit

A reader wonders if it is possible to lower the limit on a credit card to avoid getting into financial debt.


Is it possible to lower the limit on my credit card?

I used to pay the full amount every month, so the bank kept offering to raise the limit.

Now I have a debt and I’m paying interest.

I’d like to use some money from my mortgage to wipe the slate clean but I want to make sure I can’t borrow more than I earn.


You can request a lower credit card limit by using your bank’s website, phone banking facility, or having an interview with a personal banker at your branch.

The panel strongly recommends that you also have a financial check up with a financial counsellor to explore all debt options and get your finances under control. You can obtain a free and confidential financial counselling appointment by phoning the Financial Counselling Helpline on 1800 007 007 and they will direct you to the nearest office.

Submit Your Questions

Have you got a question you’d like us to tackle?

Fill out the form below or send questions to Family Forum, The Advertiser, 31 Waymouth St, Adelaide 5000.

We treat communications in strict confidence except when the law demands otherwise, as in child abuse.

Relationships Australia (SA) appoints panels of general practitioners, medical specialists, lawyers, therapeutic and financial counsellors to discuss each letter before the appropriate professional answers it.