Citi reducing lines

Nmgal · ‎05-23-2020

Be careful make large payments they will cut your line down.

ttulaw · ‎05-23-2020

Welcome to myFico, sounds like you are having a bad experience with Citi. While many lenders have admitted to cutting consumer credit lines, they have typically done so with "some" reason. Can you share specifics about your situation?

Nmgal · ‎05-23-2020

Said card balances to high. I have excellent score.

@ttulaw wrote:
Welcome to myFico, sounds like you are having a bad experience with Citi. While many lenders have admitted to cutting consumer credit lines, they have typically done so with "some" reason. Can you share specifics about your situation?

James_A · ‎05-23-2020

@Nmgal wrote:
Said card balances to high. I have excellent score.

Specifics please?

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (3/12/2021): FICO 08 EXP: 748; TU: 755; EQ: 773
2020 Goal Score: 760 across the board

Take the myFICO Fitness Challenge

Nmgal · ‎05-23-2020

That is all I have on this

Remedios · ‎05-23-2020

Hi @Nmgal and welcome to the forums

The only reason questions are being asked is to help others who might be in a similar situation. It provides valuable data points to the community if you at least touch on how long you've carried balance on Citi card, and if there are high balances on the other cards.

If you're not willing to share that, its perfectly fine, too.

I'm sorry this happened to you, and I hope other lenders dont follow on their steps.

Nmgal · ‎05-23-2020

I posted to help. I made a large payment and within 24 hours they reduced the line. If it happens with others to be expected now. Bankers provide umbrellas when the sun is out and take them away when it rains..the norm.

credit_is_crack · ‎05-23-2020

Maybe this will help fine tune what members are looking for.

Was this large balance one you had been carrying for several months (maybe a balance transfer) or did you make a handful of recent (<60 days) large purchases and paid them off?

Has your overall debt increased with other lenders and your report reflect that?

Did you have any recent payment issues on this account or any Citi accounts (didn't clear in time, not enough, anything random)?

If it's not too personal, what does your current overall utilization look like on that card - was it pretty much maxed out, 80%, 70%, 20%?

I think notes like this help us understand (as best we can) what kinds of profiles, behaviors or customers Citi is taking more comprehensive looks at.

Sorry this happened to you. It's a fickle time right now