topic Re: Why the all at once slash? in Credit Cards

Why the all at once slash?

southernjustified — Fri, 31 Jul 2026 13:15:17 GMT

I have had a 835 CS for over 5 years. No lates. Payments were made on time. Used maybe 3%-5% of my CL. I think I had like $100k total. One week Amex cut, next few days Chase cut, Citi cut, and others closed. Obviously this all started and snowballed my CS to not 640. Its insane. I haven't lost my job. No pay cut. Only crime is that I did not overleverage myself. 1 car loan. 1 home loan from 2020.

Re: Why the all at once slash?

dfwxjer — Fri, 31 Jul 2026 13:16:31 GMT

Did you make any large purchases lately? That is strange but there has to be some data point that kicked this off.

Re: Why the all at once slash?

southernjustified — Fri, 31 Jul 2026 13:27:47 GMT

The car in April 2026 for$44k. after Amex and chase dropped i went looking for a home loan because it took me 10 years to get my credit near perfect. Otherwise no. $350k annual has been steady

Re: Why the all at once slash?

AndySoCal — Fri, 31 Jul 2026 14:09:03 GMT

Where are you getting your credit score from and what is the score name?

Re: Why the all at once slash?

southernjustified — Fri, 31 Jul 2026 14:18:22 GMT

Credit Karma (TransUnion and Equifax) and Experian. Cap1 just slashed another one from $5k to $2k.

literally was using. Single digit percentages of CL but due to slashes now 50-60%

Re: Why the all at once slash?

NoMoreE46 — Fri, 31 Jul 2026 14:57:56 GMT

Have you looked at all three Reports?

This is very unusual.

Re: Why the all at once slash?

southernjustified — Fri, 31 Jul 2026 15:00:27 GMT

I have. They just say after reviewing. I dunno why I feel it's cause I don't keep my accounts at 60% usage and in combination of we lowered your credit limit and everyone else wants to follow suit. It's discouraging. You cannot win with these people

Re: Why the all at once slash?

dfwxjer — Fri, 31 Jul 2026 15:10:04 GMT

@southernjustified wrote:
I have. They just say after reviewing. I dunno why I feel it's cause I don't keep my accounts at 60% usage and in combination of we lowered your credit limit and everyone else wants to follow suit. It's discouraging. You cannot win with these people

This, and the above posts, are very vague and not helpful in determining what happened.

From my understanding so far:

$350k annual salary

You previously had $100k in available credit across a few cards

You carried a $3k-5k balance (3-5% of $100k)

You purchased a home in 2020 and a $44k car in April 2026

Your $5k balance is now reporting as 50-60% utilization due to CL decreases

As far as determining what happened it would help to know:

1.) Your specific cards with original CL and then the new "slashed" limit

2.) Your specific balances across all the cards prior to the limits being lowered

3.) What card was cut first and the order of events that lead to where you're at now

The biggest thing that stands out to me is the overall low CL relative to your income, and the vagueness of the post.

Re: Why the all at once slash?

Total_Synergy — Fri, 31 Jul 2026 15:18:23 GMT

Great points, @dfwxjer . ^^^THIS^^^

Re: Why the all at once slash?

southernjustified — Fri, 31 Jul 2026 15:23:08 GMT

I am sorry if I am vague.
Citi was first . 4 cards with $20k-$27k in limit all reduced to $2000. Balances are now between $900-$1700 approx each. Chase followed doing the same thing. Amex did the same and cut Platinum to $3600 vs no defined CL.

all balances were under $2k each. Balances were only on 50% of cards

Re: Why the all at once slash?

redpat — Fri, 31 Jul 2026 15:25:16 GMT

@dfwxjer wrote:
@southernjustified wrote:
I have. They just say after reviewing. I dunno why I feel it's cause I don't keep my accounts at 60% usage and in combination of we lowered your credit limit and everyone else wants to follow suit. It's discouraging. You cannot win with these people
This, and the above posts, are very vague and not helpful in determining what happened.

From my understanding so far:

$350k annual salary
You previously had $100k in available credit across a few cards
You carried a $3k-5k balance (3-5% of $100k)
You purchased a home in 2020 and a $44k car in April 2026
Your $5k balance is now reporting as 50-60% utilization due to CL decreases

As far as determining what happened it would help to know:

1.) Your specific cards with original CL and then the new "slashed" limit
2.) Your specific balances across all the cards prior to the limits being lowered
3.) What card was cut first and the order of events that lead to where you're at now

The biggest thing that stands out to me is the overall low CL relative to your income, and the vagueness of the post.

Most people other than here (the forums) have relative low CL to income because they don't need it and feel what they have is enough.

I have many high wealth friends and family that only have two or three credit cards, I have four for that matter.

Re: Why the all at once slash?

FICOdawg — Fri, 31 Jul 2026 15:31:15 GMT

Given the snowball effect and all at same time, I'd be pulling my full credit report and checking for a negative on it.

That is where I'd start.

Re: Why the all at once slash?

dfwxjer — Fri, 31 Jul 2026 15:37:11 GMT

@redpat wrote:
@dfwxjer wrote:
@southernjustified wrote:
I have. They just say after reviewing. I dunno why I feel it's cause I don't keep my accounts at 60% usage and in combination of we lowered your credit limit and everyone else wants to follow suit. It's discouraging. You cannot win with these people
This, and the above posts, are very vague and not helpful in determining what happened.

From my understanding so far:

$350k annual salary
You previously had $100k in available credit across a few cards
You carried a $3k-5k balance (3-5% of $100k)
You purchased a home in 2020 and a $44k car in April 2026
Your $5k balance is now reporting as 50-60% utilization due to CL decreases

As far as determining what happened it would help to know:

1.) Your specific cards with original CL and then the new "slashed" limit
2.) Your specific balances across all the cards prior to the limits being lowered
3.) What card was cut first and the order of events that lead to where you're at now

The biggest thing that stands out to me is the overall low CL relative to your income, and the vagueness of the post.
Most people other than here (the forums) have relative low CL to income because they don't need it and feel what they have is enough.

I have many high wealth friends and family that only have two or three credit cards, I have four for that matter.

That's fair. The rest of my post still stands...

Re: Why the all at once slash?

southernjustified — Fri, 31 Jul 2026 16:12:15 GMT

I did I have zero negatives as all accounts are on auto pay.

as to why it's just building credit and trying to get bonus points and deals like we all do

guess I thought i could have a conversation without criticism. The credit card lenders gave me those cards and those limits. I didn't care what they were I just wanted the perks.

but paying $695 for an annual payment on a $2000 limit card is retarted.

judge me all you want but I just really asking for a conversation to see if anyone else had such an experience.

the only vague thing is that my wife also had her slashed and we are not authorized users on each other accounts

Re: Why the all at once slash?

FICOdawg — Fri, 31 Jul 2026 16:18:51 GMT

@southernjustified wrote:
I did I have zero negatives as all accounts are on auto pay.

as to why it's just building credit and trying to get bonus points and deals like we all do

guess I thought i could have a conversation without criticism. The credit card lenders gave me those cards and those limits. I didn't care what they were I just wanted the perks.

but paying $695 for an annual payment on a $2000 limit card is retarted.

judge me all you want but I just really asking for a conversation to see if anyone else had such an experience.

the only vague thing is that my wife also had her slashed and we are not authorized users on each other accounts

Did you do an actual pull like from free credit report.com or at least directly from one of the CRAs?

Would not rely on credit karma. The fact all cards did it is the red flag that something popped up like a collection.

Re: Why the all at once slash?

redpat — Fri, 31 Jul 2026 16:19:07 GMT

@southernjustified

Are you doing anything to game rewards?

For instance, Paypal or Square.

Re: Why the all at once slash?

dfwxjer — Fri, 31 Jul 2026 16:34:18 GMT

@southernjustified wrote:
I did I have zero negatives as all accounts are on auto pay.

as to why it's just building credit and trying to get bonus points and deals like we all do

guess I thought i could have a conversation without criticism. The credit card lenders gave me those cards and those limits. I didn't care what they were I just wanted the perks.

but paying $695 for an annual payment on a $2000 limit card is retarted.

judge me all you want but I just really asking for a conversation to see if anyone else had such an experience.

the only vague thing is that my wife also had her slashed and we are not authorized users on each other accounts

Apologies, no judgment on your specific situation. I'm just trying to dig for more info so we can better help understand what lead to these actions.

With as frustrating as the situation is, they're almost always tied to specific actions that happened.

Stick around and I'm sure sense can be made of this situation. I wouldn't pay a $695 AF for a $2000 limit card either...

Re: Why the all at once slash?

Varsity_Lu — Fri, 31 Jul 2026 19:27:52 GMT

I'm going to go out on a limb here and say that I doubt that the OP has pulled their actual up-to-date credit report. They are probably looking at an up-to-date score but a month-old report from MF or CK. I'm also going to go speculate that something major happened that the OP doesn't even know about: a missed payment, a collection, etc. Heck, it's possible that it's something fraudulent triggering it all.

OP, you need to pull your actual reports from annualcreditreport.com and really look at them. There has to be something there that triggered this.

Re: Why the all at once slash?

ocheosa — Fri, 31 Jul 2026 20:50:42 GMT

@southernjustified

I agree with @Varsity_Lu , there is more here than you know. This may very well be a case of identity theft or fraud. Self-advocacy is required in this case, put on your investigator cap and dive in. I would pull the reports noted below asap for both you and your wife. Unfortunately Citi is known to be twitchy but I would also call them, especially since it's where it all began, and ask to speak to someone in either Credit Operations or the Risk Department. They may be able to give you clarifying information on why your lines were cut.

1) Pull all three consumer reports (experian, equifax and transunion). You can request the reports online, by phone or mail.

https://www.annualcreditreport.com/index.action

Info - https://www.annualcreditreport.com/gettingReports.action

2) Early Warning Services (EWS) report. The process can be tedious but once you see the information collected...it can be shocking.

https://www.earlywarning.com/consumer-information

Info - https://www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/consumer-reporting-companies/companies-list/early-warning-services-llc/

3) Lexis Nexis Consumer Disclosure Report.

https://consumer.risk.lexisnexis.com/

I went through something similar decades ago when a company I worked for was bought out. I had no idea lenders monitored publicly announced layoffs (warn notices) and acted on it without knowing whether or not your job was safe. Also as a former company notary, I've also witnessed what people go through in cases of identity theft, fraud and mistaken identity (such as common names or family Sr/Jr).

Good luck, it's going to be a grind.

Re: Why the all at once slash?

FicoMike0 — Fri, 31 Jul 2026 23:48:32 GMT

Ditto @ocheosa , @Varsity_Lu

OP, we're not criticizing anything but your lack of details. Something is going on here, more than you're telling. If that's because you don't know, you need to find out.

Once you are being balance chased, things can spiral. Something had to start this.

Do you have sync accounts?