Currently, Neo doesn’t offer the option to decrease a credit limit. Here are some other ways to manage your card to keep your finances secure and your credit score healthy!
How to manage your credit limit
Security features available to you:
- Freezing and unfreezing your card at any point
- Setting up notifications for when the card balance is approaching a certain set amount
- Detecting unusual activity on the card may result in our team freezing the card. We will reach out if we notice anything suspicious.
Freeze your card and set up notifications
You can freeze your card to block new transactions. Additionally, you can customize your notifications for payment reminders, approaching credit limits, etc.
It’s recommended to use less than 30% of your credit limit. Having a larger limit will help maintain a lower utilization rate, which can help your credit score.
