[savedbygrace]

Earlier this fall, I received a notice that my credit limit had been reduced by a few hundred dollars. I called and asked why, and the bank couldn’t explain.

I then called them back and requested a credit increase. By the end of that day, they increased my credit limit by more than I had requested.

The total credit limit increase they gave me was 50% more than my previous credit limit before they tried to decrease it.

FWIW.

[pnh102]

Earlier this fall, I received a notice that my credit limit had been reduced by a few hundred dollars. I called and asked why, and the bank couldn’t explain.

Personally I think the reason the limits are being reduced is so people can hit their credit limits easier and pay more money in over-the-limit fees.

[trebb]

I'll bet they have some random program sending out notices without analyzing the credit-worthiness of the folks.

I haven't received any notices and don't really expect to - I only use one credit card as a convenience for groceries/gas/dinners, etc., and always pay it off each month. I'll make a guess that those who use their cards to overextend themselves will end up being forced to wait until they can pay for things due to lower credit limits.