Commerce Bank credit limit decrease

[Anonymous]

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@frugal47374 wrote:

...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%.

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Dere's de real reasons.

[Anonymous]

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@Anonymous wrote:

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@frugal47374 wrote:

...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%.

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Dere's de real reasons.

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That could be it. If it is, it's due to a flaw in the scoring model. If those cards had zero balances, but total util was 18%, all on the card with the highest limit, credit scores would be higher and maybe no CLD. 

I don't like models that penalize due to high util on one card, which is pretty much all of them. Why lose 40 pts because one card has a balance of $499 with a $500 limit, while the other card has a 0 balance and an $18K limit? 

[Remedios]

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@Anonymous wrote:

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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.

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I dont know if it does or doesn't.  I'd imagine it's profile and lender specific 

However, OP did not ask for forensic autopsy on their CLD. 

In their case, it was an unused credit line, and they dont seem to lack awareness that prolonged periods of high utilization can lead to various forms of AA. 

[FinStar]

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@Remedios wrote:

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@Anonymous wrote:

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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.

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I dont know if it does or doesn't.  I'd imagine it's profile and lender specific 

However, OP did not ask for forensic autopsy on their CLD. 

In their case, it was an unused credit line, and they dont seem to lack awareness that prolonged periods of high utilization can lead to various forms of AA. 

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Right.  Notably other lenders such as Huntington, 5/3, HSBC, Citi/DSNB (Macy's), Comenity, etc., have taken similar AA actions based on what other members have reported.

@frugal47374, thanks for sharing your DPs with the community btw. 

[Anonymous]

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@Remedios wrote:

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@Anonymous wrote:

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@Remedios wrote:

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@Anonymous wrote:

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

Dey it iz.

---

Wrong. OP paid it off three years prior to CLD

Dey iz nawt. 

---

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

---

I dont know if it does or doesn't.  I'd imagine it's profile and lender specific 

However, OP did not ask for forensic autopsy on their CLD. 

In their case, it was an unused credit line, and they dont seem to lack awareness that prolonged periods of high utilization can lead to various forms of AA. 

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Happy Friday! I did an autopsy in just two sentences too. What a country!

OP just giving data points. I gave some of similar activity, although they're a little older.

I'm thinking the main driver is inactivity. OP has a history of using zeros to the max with success.