You can ask us to decrease your credit limit any time you want – as long as you’re the primary cardholder – just jump onto internet banking or give us a call on 13 15 63. In internet banking, either click “reduce my credit limit” under the cards menu or send ME a secure mail.
Things to note:
- Your new credit limit must be above your credit card’s minimum ($1,000 for Frank and ME Mastercard).
- Your new credit limit must be above your current outstanding balance – rounded up to the nearest $100.
- If you drop your credit limit and want to reapply for a credit limit increase, you’ll need to wait six months to reapply.