I just wanted to let everyone know: Wells Fargo cut my credit limit from 2k to $750 back in the middle of July of this year, citing my fico had dipped a little, as well as most of my cards were maxed. Thats was nearly 9k between my four cards. At the time, I asked if my credit line could be restored if my credit reports showed my utilization low like I stated. They cut the limit right around the time I was paying all my cards off, and so the credit reporting agencies didnt yet reflect accurate information. They told me to call back in about two months and they could look at restoring my line. I really didnt think that would happen until I gave wells fargo a call today, their credit department.
Unfortunately, they had to do a HARD PULL, (she told me they pull Experian) but it was worth it because my line is now restored back to the full 2k. Although it was at 4k, back in Jan 2009, I didnt push them for that. They stated to me that they are a relationship back and so it helps to utilize the card, as they take that into consideration with increases. She made it a point to tell me they compare my balance history and how much I have used/paid off etc. They lady I spoke with also made it a point to tell me they definitely look at restoration of credit limits all the time, and so it is pretty common for them. She made it sound like they always do a hard pull, as I asked if in the future I could have my line increased further.
