So I recently upgraded my green card to the platinum and my hilton honors Amex to the surpass Hilton. I've increased my spending on both these accounts and just returned from a vacation where I used these cards for everything.
I got an email from Amex today that they reduced my credit line on my third card which is the blue cash card. I don't use it often. But I'm wondering why they did this? Is it because they saw an increase of spending on the other cards and this one wasn't utilized much?
I hate losing credit lines. This has never happened before.
Any input would be great. I have zero negatives on my credit report and total utilization is under 10%.
I have a hunch that it's macroeconomics that's going on here; there just seems to be a lot of this stuff going around.
I personally experienced (a) the closure of all of my accounts by Capital One and (b) a reduction of my credit limit by Alliant Credit Union, despite credit scores at or near 800 and a perfect unblemished credit history. And I've seen lots of reports here of others experiencing similar indignities.
I agree with the other poster about it being related to your total Amex exposure. I have a slightly different interpretation.
"We're willing to extend you X amount of credit. Your increased spend makes us less willing to extend that amount (i.e., elevated risk). The new amount of credit we're willing to extend is X."