Commerce Bank credit limit decrease

[frugal47374]

(Offered as a data point.  Not looking for sympathy or advice.)

In 2015, Commerce Bank offered me a Special Connections Visa card with 0% interest and fees for balance transfer for a year.  Accepted their offer and received $13000 with Equifax 708 score.  Transferred $12500 balances.

I paid the minimum until the 0% ended when I paid in full (as I always do unless I have a 0% deal.)

I occasionally used the card after that if they had special rewards but my last charge was December 2018.

Recently received a letter of a decrease to $8000 based on inactivity and Transunion 655 score.

Overall utilization is 18% but I have 6 cards with 0% offers which I try to max out so all above 70% utilization and most are above 90%.

[Anonymous]

Appreciate you offering the "heads up" data point on Commerce Bank. Almost app'ed the same card but then didn't.

[gdale6]

The Fico score is the elephant they are basing their decision on, I would pay off all to below 89% of their CLs, you get a big hit to fico over this percentage as they are deemed maxed.

[Anonymous]

"I paid the minimum until the 0% ended".

Dey it iz.

[frugal47374]

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@gdale6 wrote:

 I would pay off all to below 89% of their CLs, you get a big hit to fico over this percentage as they are deemed maxed.

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And I want to maximize my use of their free (0%) money so I accept that it will affect my FICO score.  If that causes Commerce Bank to incorrectly believe I am a risk, so be it.

[AverageJoesCredit]

Good dp. Use your credit as you see fit, consequences be damned.

[Anonymous]

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@frugal47374 wrote:

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@gdale6 wrote:

 I would pay off all to below 89% of their CLs, you get a big hit to fico over this percentage as they are deemed maxed.

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And I want to maximize my use of their free (0%) money so I accept that it will affect my FICO score.  If that causes Commerce Bank to incorrectly believe I am a risk, so be it.

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I hear you. I do the same thing depending on how easy it is to get the money. I had $70-$90K use of free money at one time on multiple cards back in 2008, when banks were jittery. I was fortunate no AA occurred. That wasn't the time to do it. Now I'll only run up balances on new cards, which I have no plans for new ones. Never had AA. I can only guess what my scores were back then. I'd say 760-780. I took big hits on my score I'm sure, but earned a nice chunk of interest change since Internet banks were paying around 5% before dropping.

[Anonymous]

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@frugal47374 wrote:

(Offered as a data point.  Not looking for sympathy or advice.)

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Happy to comply and grateful for your supplying of DPs. 

[Remedios]

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@Anonymous wrote:

"I paid the minimum until the 0% ended".

Dey it iz.

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Wrong. OP paid it off three years prior to CLD

Dey iz nawt. 

[Anonymous]

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@Remedios wrote:

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@Anonymous wrote:

"I paid the minimum until the 0% ended".

Dey it iz.

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Wrong. OP paid it off three years prior to CLD

Dey iz nawt. 

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Plus, there's no evidence paying the minimum, especially on zeros, ensures a CLD.