It is possible to increase or decrease the credit card limit determined based on factors such as changes in customers’ income and spending habits. Additionally, if the cardholder experiences payment delays, the bank may decrease the limit. There are various ways to lower a credit card limit. So, how can you lower your credit card limit? A proposal for a law regarding certain regulations related to the Defense Industry and amendments to certain laws has been submitted to the Turkish Grand National Assembly Presidency. The 12-article proposal includes numerous provisions aimed at increasing the revenues of the Defense Industry Fund. The most striking one is the imposition of an annual fee of 750 Turkish Liras for credit cards with limits above 100,000 liras. Following this development, citizens are wondering whether they can make changes to their credit card limits. Banks had recently reduced the cash advance limits and installment numbers of individuals and institutions as part of measures to limit credit growth. So, how can individuals lower their credit card limits? You can follow these steps to lower your credit card limit: Contact the Bank: Get in touch with your card-issuing bank’s customer service. You can request a limit change via phone or the bank’s mobile app. Online Banking: If your bank offers online banking services, you can log into your account to find the option to lower your credit card limit. Written Request: Some banks may require a written request for a limit change. In this case, you can submit a letter of application to the bank. Explain Your Reasoning: Stating the reason for your limit reduction request can help the bank evaluate the process more quickly. Credit card limits can also be decreased by banks. This typically occurs due to the following reasons: Payment Delays: If the cardholder experiences delays in payments, the bank may decrease the limit. Changes in Income: A decrease in the cardholder’s income or changes in employment status can affect the bank. Credit Risk Assessment: When evaluating credit risk, the bank may decide to lower the limit in cases where it sees risk.