Two days ago, I voluntarily reduced my Barclaycard credit card credit limit from a whopping £5200 to only £200. Barclaycard didn't appear to have any problems with it. I really wanted to cut it in two, but to be honest, a credit card is still handy to have, and I'll keep for 'just in case' reasons. I also have the peace of mind that if my card details get into the wrong hands, the most they can get is £200 (I hope I'm right on that one!)
Having had a balance of over £3000 on my credit card at one time, I can say that it's a relief to have only £60 on it now - and I'll pay that off next month.
From now on, if I want to buy some luxurious item, I'm going to save up for it, like our grandparents used to do, and pay for it with my debit card.
I think there are two advantages:
1) the time it takes to save is also a cooling off period. Do I REALLY need it?
2) I could regret a spontaneous purchase just because I had a credit card.
I reckon that by saving for something, I will also 'value' the item more than if I just flashed the plastic.
Of course, there is nothing wrong in using credit cards often and paying it all off at the end of the month to avoid the interest charges, but that's not my preference.
I'm no longer going to pay extraordinarily high interest rates simply to subsidise those who can't or won't pay their credit card bills.

I agree with Mike Hall. I got rid of allstore cards/credits cards six years ago after mounting up £25K in debts. Since then I learnt to budget and spend only on necessasities. I was single then i now have four kids, work full time and still cope because i have no impending debts. MY Bank recently offered me £2K overdraft i took £1K relunctantly just as a safety measure and i have a credit card now with £250.00 limit but for emercengies only. I take every opprtunity to save money and serach for bargin and i have a cooling off period if i want to buy something to see if i really need it - most often i do not need it. I value things some more as i have had to save for them

I have been trying to get my credit card down so that if i need it in an emergengy I know I have got it. I have paid extra every month to do this. I went to use my card as it was an emergency and was told it was rejected. I checked my new statement before I went to use it and I had got credit on it what I didnt know was that my bank had decided that even though

Sorry try again it didnt let me finish. I have been trying to get my credit card down so that if i need it in an emergengy I know I have got it. I have paid extra every month to do this. I went to use my card as it was an emergency and was told it was rejected. I checked my new statement before I went to use it and I had got credit on it, what I didnt know was that my bank had decided that even though I was paying regular and paying extra they cut my credit limit down to what I owed them so now I haven't even got a card to use in an emergency and the extra I was paying I might as well have put in a savings account and at least I would have had some money. I will only pay them now what the minimum payment is and put the other away. I was told that all banks were going to do this with cards now no matter if you are a good payer or bad.