@nbean wrote:Ok so hubby and I got our scores up to a respectable number about a year ago and got a handful of great credit cards we'd been wanting for a while. Then last summer we used those cards for some major upgrades to our house. The utility got up to about 68% and our scores suffered for it. None the less we found a way to pay them all down to a collective 32% two weeks ago. Most cards sit at 29% now. I was so happy and looking forward to a nice bounce back. Cut to today when I found out 2 of our Visa signature Chase United and Hyatt cards got their CLs decreased to $2,800/each. Aside from feeling dejeted, the utility on those cards which I'd just gotten to 29% is now back to 87.5%.
We didn't even have time to bounce back before Chase re-evaluated our accounts and reduced the credit lines. So sad right now.
They are balance chasing you, every time you make a payment they will reduce the CL until they feel you are not going to default. I would be on the phone to the backdoor underwriters trying to get the limits restored. This is why I only have 1 card from what is referred to on this board as a prime bank, I wont cotton to such tactics from my creditors.
