topic Re: Citi lowered my limit in Credit Cards

Citi lowered my limit

Anonymous — Fri, 29 Apr 2011 14:35:14 GMT

Hello,

I have been diligently paying off credit cards to work on my credit score for a future home purchase. I had a
$1500 limit on a Citi Diamond Preffered and i paid off $1000 balance back in February. I used it in March to make an $800 purchase and was waiting until the end of the month to pay it off and I got I notice saying they lowered my credit limit. Is there anyway to speak to someone about this? To possibly keep my high line of credit? I work so hard on my credit score and it makes me sick to my stomach to think something like this will cause me problems or delay me even more. I have never been late on a payment and have always paid above the minimum. Any advice? I'm lost.

Re: Citi lowered my limit

Anonymous — Fri, 29 Apr 2011 14:42:55 GMT

Hi, bml1415. Welcome to the forums!

Is this the only credit card you have?

Re: Citi lowered my limit

Anonymous — Fri, 29 Apr 2011 22:24:06 GMT

bml, Welcome to the Forum! You came to the right place

@Anonymous wrote:
Hello,
I have been diligently paying off credit cards to work on my credit score for a future home purchase. I had a
$1500 limit on a Citi Diamond Preffered and i paid off $1000 balance back in February. I used it in March to make an $800 purchase and was waiting until the end of the month to pay it off and I got I notice saying they lowered my credit limit. Is there anyway to speak to someone about this? To possibly keep my high line of credit? I work so hard on my credit score and it makes me sick to my stomach to think something like this will cause me problems or delay me even more. I have never been late on a payment and have always paid above the minimum. Any advice? I'm lost.

You had $1000 balance in February and PIF by end of the February? ... which makes balance of $0 ... Is this the one on the CR or $1000?

You made $800 purchase in March and going to PIF soon ... are you trying to keep the balance $0 on your CR?

Why are you waiting until the end of the month?

Addition to Uborrow's question, please post all of your credit information for better advice.

Name/Type of credit card:

Date of open:

Credit Limit:

APR:

Balance:

Closing date:

Due date:

Any buddies in the past:

Re: Citi lowered my limit

tsquad131 — Sat, 30 Apr 2011 01:08:45 GMT

looks like a sign of balance chasing, you most likely wont be able to get your limit back to where it was because they are balance chasing you and might eventually lower your limit even more. you should try to only charge what you can afford instead of making big purchases and paying above the minimum because it shows to them that you are risky

Re: Citi lowered my limit

JonStur — Sat, 30 Apr 2011 02:39:06 GMT

Would definitely try the backdoor number..couldn't hurt. CC's are notorious for CLD's after a substantial balance that was maintained for a period of time is suddenly paid down...