Unfortunately, you are at 80% utilization with Discover. How long have you been at 80% and are you just making minimum payments?
@CreditInspired wrote:
Definitely the call is about both your overall high UT and the really high UT with Discover. It’s great they reached out because other CCCs would most likely have done a CLD, balance chased, or outright closed the card.
So before calling, have a plan in place about how you’re going to get your CC debt paid down quickly. Pay 4-5x the minimum due. Also, stop using your CCs. IMHO, diligently work on getting your Discover to less than 30%. Hopefully, you’re in 0% interest on a $16K outstanding balance.
Yes, make the call and GL2U.
Yeah. I dropped Discover when they CLD my IT card with a $1500 limit and I charged up to $1000 to take advantage of their SUB. They knocked me down to $1100. Needless to say, I paid off the card and closed it. Meanwhile, I was an AMEX Platinum card holder and a Citi Prestige holder and my payments have been stellar for over ten years.
I feel as long as I'm making payments and paying you interest, leave me alone. If you want me to call so you can give me some money, sure. But otherwise, I see no reason to stop what I'm doing to talk to you about using $16k of a $20K limit you approved me for.
I dislike card companies that give you a certain limit but then have issues with you getting close to it. If you don't want a person to get close to a certain amount, don't give them that amount! 
If they reduce your limit to $17k or $16k, I'd pay it off and drop them. I have no time for games.
OP's scores are great with no late history, and I'm going to assume that because of the score not ALL of the accounts are near maxed or maxed. I'm placing a bet on the call being about the dispute, not the utilization. DW had 80-90% utilization on her Discover for years, and my experience with AA such as balance chasing and APR hikes is that lenders just do it, and do not ask you to call to discuss it prior to it happening. Also, @Anonymous congrats for getting back on your feet!
@adelphi_sky wrote:
Yeah. I dropped Discover when they CLD my IT card with a $1500 limit and I charged up to $1000 to take advantage of their SUB. They knocked me down to $1100. Needless to say, I paid off the card and closed it. Meanwhile, I was an AMEX Platinum card holder and a Citi Prestige holder and my payments have been stellar for over ten years.
I feel as long as I'm making payments and paying you interest, leave me alone. If you want me to call so you can give me some money, sure. But otherwise, I see no reason to stop what I'm doing to talk to you about using $16k of a $20K limit you approved me for.
I dislike card companies that give you a certain limit but then have issues with you getting close to it. If you don't want a person to get close to a certain amount, don't give them that amount!
If they reduce your limit to $17k or $16k, I'd pay it off and drop them. I have no time for games.
Right but it's their game as well, and either side can play hardball!
They want to reduce risk. I'm sure that they would say something like the $20K allows you to charge up to $20K and if you paid that off (or the vast majority of it) straight away, no issue. If you keep most of it us a balance, that worries us, and causes us to evaluate risk.
Yes, the agreement allows you to keep a balance of just under $20K providing you keep making minimum payments and keep the balance + interest below the cap. But the same agreement allows them to reduce the limit or close the card.
@Anonymous wrote:
@adelphi_sky wrote:
Yeah. I dropped Discover when they CLD my IT card with a $1500 limit and I charged up to $1000 to take advantage of their SUB. They knocked me down to $1100. Needless to say, I paid off the card and closed it. Meanwhile, I was an AMEX Platinum card holder and a Citi Prestige holder and my payments have been stellar for over ten years.
I feel as long as I'm making payments and paying you interest, leave me alone. If you want me to call so you can give me some money, sure. But otherwise, I see no reason to stop what I'm doing to talk to you about using $16k of a $20K limit you approved me for.
I dislike card companies that give you a certain limit but then have issues with you getting close to it. If you don't want a person to get close to a certain amount, don't give them that amount!
If they reduce your limit to $17k or $16k, I'd pay it off and drop them. I have no time for games.
Right but it's their game as well, and either side can play hardball!
They want to reduce risk. I'm sure that they would say something like the $20K allows you to charge up to $20K and if you paid that off (or the vast majority of it) straight away, no issue. If you keep most of it us a balance, that worries us, and causes us to evaluate risk.
Yes, the agreement allows you to keep a balance of just under $20K providing you keep making minimum payments and keep the balance + interest below the cap. But the same agreement allows them to reduce the limit or close the card.
Yeah. I'm not buying that they want to reduce risk. If they want to reduce risk, seems like they shouldn't give out large CL in the first place. Don't approve me for $20k if I'm a few Utilization percentage points from some unknown risk algorithm that would cut my CL by hundreds or thousands of dollars while my credit report is flawless. That's bad business in my opinion. Don't bite the hand that feeds you. If I'm paying you interest, that's income for the credit card companies. If they feel that I'm paying to much interest, that seems antithetical to their profit motive.
I'm all for credit line decreases for missed payments or a negative hit on your report. But to flat out reduce a CL for some arbitrary threshold is a bit much.
The reason I say this is because some people receive bonuses throughout the year and may run up a card for cash or points only to pay the balance off in 60 days. If a card company cuts my CL just because I start using most of my CL because they feel that utilization increases their exposure, well, again, don't give me a credit line you feel may be too risky if I decide to use the entire line or 90% of it.
