AmEx CLD

[SBR249]

So just wanted to ask whether anyone's had a similar experience. 

AmEx just CLDed me on my oldest account $13k -> $7500. I've been basically SDing the card most of the time. My FICOs are in the upper 700s, no lates, no derogs, haven't applied for any credit in at least a year. I do have a large credit portfolio (total CL ~2x my income) but like I said, I haven't applied for any new cards or CLIs in a year. There hasn't been any changes in my spending or utilization and I PIF all my cards. 

Is this just AmEx tightening its belt and being more stingy with unused credit? 

[Anonymous]

They can be stingy sometimes with unused credit. There was a post the other day about this. When was the last time you used the card?

[SBR249]

I used it 2 days ago and I use it on a small auto subscription every 4 weeks

[SBR249]

As an update, I called AmEx about this and they said that it's based on a periodic review and apparently the CLD was due to the usage pattern which is fair. 

The CSR on the phone offered me the chance for a review with the potential to restore the CL if I volunteered some info. So he asked for income and assets then was able to restore my CL. I confirmed with him, no hard pull. 

All's well that ends well. I guess AmEx could read the writing on the economic wall. 

[Anonymous]

Glad you were able to get it restored. 

You are not the only one that this has happened too, Amex just wants better usage. 

[AllZero]

Glad to read that you were able to get your CL back.

[Anonymous]

Correct. This started becoming more common for members here last year with quite a few people getting 50% CLDs, many of which were restored with a quick phone call.

[Anonymous]

Glad to hear you got your CL back! 👍

[SBR249]

I've actually been thinking about trimming my credit portfolio anyway. But this is my only MR card and also one of my oldest so I keep it for sentimental reasons and also for when Amazon runs those discounts when you use at least one MR to pay. I'm just surprised because I've never gotten a CLD/AA on it even through the Great Recession and even when I didn't use it for months on end during that period. It seems that lenders have really changed how they do business these days. 

[M_Smart007]

Glad you got your CL restored OP !