AmEx recently dropped my limit on a blue cash card from $22k to $12k based on the low amount of spending on the account. Most months I spend just a few hundred and almost never more than $1000. I doubt the lower limit will affect my credit score since I have other cards with varying limits that put my total credit line above $80k and I never have more than 2-3% on the cards (I pay them off each month). So, as far as I'm aware of, this lower limit really doesn't matter at all. But hoping for a reality check if I'm missing something and there's a reason I should call them and ask for reconsideration for any reason. Any other similar experiences or ramifications from the credit line decrease? Really appreciate any thoughts on it.
Submitted March 31, 2019 at 11:03PM by LKDOxF https://ift.tt/2UlnIeb
