who knew decreasing CLs can be so fun?!

[Anonymous]

---

@Anonymous wrote:
Something that hasn't been mentioned yet, is how this would appear on a credit report having several CL slashed at the same time. Generally when that happens its not for a good reason, I could see someone in under writing scratching their heads over it.

---

I honestly don't think credit analysts would care too much about the slashed credit lines. They are worried about my ability to pay them back, and if I show 1% total utlilization anyway, I think they would even be inclined to offer me a CLI.

[wacdenney]

We've gone from people closing accounts with no AF to this.

I'm really not understanding the trends lately...

[Man-Of-Steel]

---

@Anonymous wrote:

Already decreased about 20K lol. yay!

---

OP, if you don't mind sharing, how much of a total combined CL did that leave you with?

I also have too much credit, but rather than slash existing lines, I'll just avoid applying for more cards. I've also stopped attempting CLIs for most of my accounts now. That might be considered a sin or something on this site, not sure. Lol. And I may eventually do the unthinkable when it comes to one of my Capital One Quicksilvers. I may close one without combining it into the other.   I have to give that one some thought though. I'm not planning on making any changes anytime soon. 

[score_building]

Not a good move generally speaking, customer requests for CLD are noted and tracked, if a pattern develops it may negatively impact future requests. 

[noobody]

I request 6.5K CLD from US bank before i apply Club Carlson, hope for an instant approval, no such luck. but they grant me 15K 3 days later, and have been sending SP CLI "up to 4.5K" on both accounts nonstop for the past 2 years.

I request 9k CLD from Chase during the Ritz fenzy last year, did not apply Ritz then. Got Hyatt today instantly with only 5K, kind disappointed, But i am glad not have to deal with 7-10 or 2 week and recon BS.

Some lender does disqualify you for future CLI if you ask for CLD.

[kdm31091]

---

@wacdenney wrote:

We've gone from people closing accounts with no AF to this.

I'm really not understanding the trends lately...

---

Personally, I understand closing accounts that are no longer useful. I don't think AF or no AF should be one's only criteria. There's plenty of no AF crappy products out there. So because you applied once, you should keep it forever?

As far as this post, while it seems crazy to some, I can understand the logic .Some people are simply uncomfortable with having huge amounts of available credit. For certain situations (mortgage, conservative credit union apps, whatever) it can absolutely bite you in the behind to have a ton of credit available exceeding your income. So I don't think voluntarily decreasing a limit is necessarily crazy in every circumstance. It's about reducing exposure. To follow your logic, I can't ever close an account with no AF, so if it's useless and taking up a bunch of my exposure, why not CLD it? Playing devil's advocate here.

[Anonymous]

I don't think it is a good move and I agree with the many on here who say slashing credit lines is not wise. Closing accounts is fine if they no longer serve your purpose, and this can accomplish the same goal. I don't think it's wise to voluntarily slash your own credit lines. Creditors look at your report and wonder why your accounts were CLD'd. Not a positive impression in my opinion, and we want to put our best foot forward with our credit.

[Anonymous]

My question is, if someone is at the point they feel uncomfortable with the limits or available credit they have, than why except them in the first place? Maybe I'm just proactive, I worry more about how accts will affect me in the future than in the present.

Honestly it doesn't bother me the least what the OP does, we all have credit behavior that others might think of as strange. In the end I doubt ant negative consequences will come of the OPs actions, but I can't imagine it goes unnoticed. Creditors are good at picking up un anything the doesn't fit what they may consider "normal behavior". It certainly makes for an interesting topic if nothing else.

[Imperfectfuture]

---

@-Cal- wrote:

---

@CreditCuriousity wrote:

---

@Kenny wrote:
Also, some people like the idea of having say a 5k card instead of a 15k card because it ensures that should they want another card with said bank you have that wiggle room to get immediate approval because you're less of a risk due to just lesser overall exposure.

---

Well said... Someting I would do with say Chase if I felt like I was hitting their ceiling w/reards to CL and didn't want to deal with their so enjoyable UW's.

---

I wanted to add that this is YMMV. This strategy has backfired on some people in the past. I personally would not lower my CL in anticipation of a new app, I rather app and use my existing limit as leverage to open the new account. It is my opinion that when you take away your limit in advance, you take away your leverage.

Also one might have trouble with lenders approving future CLIs if there has been a previous request to reduce one's limit, there has been a documented account of this with Discover. 

Edit: Also wondering if anyone has had experience where a voluntary CLD has resulted in AA from other banks because they think the user initiated CLD was AA?

---

No, split off barclays 10k into two cards.  Just recently got cli on one, split that off between two cards.  Until the sallie Mae showed up, report showed a 4k drop on Aviator.  Others continued cli, or in the case of AARP, granted over 5k signature auto (dropped me for a loop on that app, must have good internal scores. )

[Imperfectfuture]

---

@kdm31091 wrote:

---

@wacdenney wrote:

We've gone from people closing accounts with no AF to this.

I'm really not understanding the trends lately...

---

Personally, I understand closing accounts that are no longer useful. I don't think AF or no AF should be one's only criteria. There's plenty of no AF crappy products out there. So because you applied once, you should keep it forever?

As far as this post, while it seems crazy to some, I can understand the logic .Some people are simply uncomfortable with having huge amounts of available credit. For certain situations (mortgage, conservative credit union apps, whatever) it can absolutely bite you in the behind to have a ton of credit available exceeding your income. So I don't think voluntarily decreasing a limit is necessarily crazy in every circumstance. It's about reducing exposure. To follow your logic, I can't ever close an account with no AF, so if it's useless and taking up a bunch of my exposure, why not CLD it? Playing devil's advocate here.

---

Inaccurate on the mortgage app, they do not care how much you have available.  Where did you here that one?