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Found out my credit card company can lower my limit without asking
Logged into my Capital One app last Tuesday and saw my limit dropped from $6,800 to $2,500 for no reason I could find. No late payments, no missed bills, my utilization was only 12%. Has anyone else had this happen after a soft pull or a balance transfer promo ended?
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max22326d ago
Check your credit report before you panic, this might just be a routine risk adjustment after that promo ended. A drop from that limit still leaves you with way more available credit than most people, so your score likely took a tiny hit at worst. Unless you were about to max that card out for a big purchase, this is barely worth losing sleep over.
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