<prompt> Human: My wife and I recently moved in with my parents to pay off bills and save for a house. We have a good amount of credit card debt and stuff in collections stemming from health issues last year. Earlier this month, I made a 2,400 payment on my MasterCard, the balance was around 4,800. This dropped my monthly payments from 150 a month to about 50 a month.I got a letter from Synchrony bank saying they dropped my limit on my MasterCard from 5,000 to 1,350, a whole 11 above my balance. This brought my monthly payment up to 99 a month since Im close to my limit. I knew credit card companies and financial institutions could reduce your balance based on several factors, but setting my limit RIGHT ABOVE my current balance seems like a shitty money grab to get more interest out of me per month. Is there anything I can do about this?  <response>: If you have high utilization 48005000, lenders will see you as a high risk. In addition, you are carrying balance month to month. Lowering your credit limit wont result in paying more interest. If anything, you will pay less interest because you will not be able to carry larger balances. The generic advice here is to pay off your statement in full every month. Get a higher income. Responsible credit card usage will result in automatic credit limit increases in many cases. Risky behavior i.e. carrying balances, having 99 utilization can result in credit limit decreases. 