DREAMBIG1234 wrote:
Yes the score is FICO and the card is a mastercard...I just want to know if I call and ask them to return my limit back to the original will they run my credit score thus dropping me points again...Thanks
Which credit card company is this? American Express, Chase, Citi, ???
When some credit card companies get paranoid, they watch your utilization, and if they see you carry a high balance (80%+) on an account, and then start paying it down, they will decrease your CL periodically to keep you from increasing your balance at a later date. Amex has done this to a few people recently, and several other CCCs have done this in past years. The best thing to do once you see this occur, is to move the remaining balance from the victimized account (A) to another account (B) as quickly as possible, and see where the CL decreases stop. When the dust settles, if Account A still has a decent CL, keep it open, but only use it once a year to keep it active. If the CL for Account A has been decreased to a ridiculously low level, just close it.
Once a CCC decides to play this game - known as "chasing the balance" - it's a good bet they have no intentions to let you increase the CL back to where it was.
