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Funny how there is no mechanism in credit reporting to take into account a bank's sweeping action due to outside econiomic forces. I don't think scores should be affected by a bank's action through no fault of the consumer. If a bank is in trouble and two of my cards are affected for that reason, my score shouldn't be affected because I have a higher UTI, or a lower AAOA. That seems like a loophole that should be fixed. Some people would be affected more than others. Especially if people have had these cards for over a decade.
Actually the "loophole" is lowering the utilization by having high credit lines. Debt is a debt regardless of your utilization ratio. Slashing CL or account closures are just exposing the loopholes and flaws in credit scoring.
CapOne decided I wasn't using one of my cards much so they dropped the limit from $20k to $5k. They may be nervous that I have too much available credit with me but I think they just flagged my file as seeing little use so they dropped the credit limit. I don't think they did a hard pull. Doesn't bother me - my total credit available only dropped a bit so my utilization wasn't affected much and zero change to my credit score. I'm one of the lucky ones as I kept my job; I paid out my car loan and am able to put a large chunk of that payment towards my cc debt. I have 2.5 yrs left on the mortgage and didn't have to apply for a deferral.
I was recently denied a CapOne SavorOne CLI in Nov. The reason they listed was "not putting enough spend on the card." I thought it was interesting they listed a table of common denial reasons and ways to combat them, but they didn't include my reason on the table. Tbh I think my limit is low to begin with. 1.5k. In 6 months it grew from 1k and since has stayed static