Some thoughts about my next CC

radoslaff

So, a little pre-history, I have 5 credit cards with relatively low limits (fair limits considering my income and social status) like this:
1. Lloyds Platinum Mastercard - £5,000.00 (formerly Choice Rewards) - 3 years
2. HSBC - £4,000.00 (almost never use it) - 2 years
3. Barclaycard Platinum - £2,250.00 (0% BT card, once paid off in May 2020 I'll close it) - 1.5 years
4. Tesco - £800.00 (0% for a single purchase, once paid off in Jan 2020 I'll close it) - ~ 1 year
5. Aqua Rewards - £2,400.00 (for international transactions) - ~ 2 years (I know about Halifax Clarity but I was rejected at least three times for that one and I have no idea why)

Basically the Parclaycard and the Tesco cards will go once they fulfil their task.
I'm not carrying over any balance hence not paying any interest. I use the Lloyds one as primary and I pay it in full every month. The maximum balance at any given time is not more than 2.5k. I've just increased the limit of this one from 2.5k to 5k and they scrapped the Choice Rewards.
The new Platinum Mastercard with 0.5% cash back is less beneficial for me so I started to shop around and I found the Natwest Reward CC which gives 1% cash back at supermarkets. I already have the Rewards current account so if I took the CC I wouldn't pay any additional fees. The Natwest eligibility checker gives me 9/10 for the CC.
So once I apply for this CC and presumably get it I'll have access to a credit that forms a substantial proportion of my annual income (very substantial). This is in connection with my mortgage 2 years fixed interest ending beginning of April 2020 which means I'll have to go through all the mortgage loops again and my wife recently started working as a self-employed (2 years ago she was employed with a very good income).
Now, is it advisable to reduce the Lloyds credit limit to where it was a few months ago (£2,500.00) bearing in mind that it will become my secondary card or leave it where it is?

I know that this is a bit of an overthinking for a simple thing but tbh I need some clarification. And I may be missing something that somebody else will notice.

Thanks for reading this masterpiece.

[Deleted User]

Leave it. Have your limits reduced tends to make you look a little riskier.

Ben8282

No. You have already admitted yourself that your credit limits are low It therefore makes no sense to reduce low llimits further to make them even lower.

radoslaff

Thanks for the replies, guys.
I'm not reducing any limits then.