- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
I've had some of my limits cut for what seems like no reason, too. It doesn't seem fair, but there is a reason for it. Any open line of credit is a potential liability (read risk) for the bank. If they can bring limits down they minimize their risk. While this might not have been all that important a few years ago (cc lines would seem to be a drop in the bucket compared with credit default swaps, etc.), it is now that banks are forced to undergo stress tests, sort of a check-up on their vulnerabilities.
The only time I had my lines cut was when I did something to draw attention to myself. One time I called the bank to have a portion of one line reassigned to a different card at the same bank. They were happy to do it but in the process shaved about 20k off my combined limit. Another bank whacked a $54k limit almost in half when I opened another account with them. There's no way in the world I would have ever used that much credit, but it was kind of nice having it.