Having a high credit limit won't hurt your credit score, so I recommend keeping it. I had an MBNA card with $44K limit, and recently was approved for a Bank of America credit card with 0% balance transfer offer and $12K credit line. I was able to move $43K of the credit line from the old MBNA card to the new card, making the new limit $55K and transferring that whole amount into my savings account at 0% with no transaction fee. That's just one of the benefits of having a high credit limit on your cards.
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