can a credit card company change your credit limit on your card with out telling you?

Question

my credit card limit was changed with out me knowing

Answer 1

Yes, they can. But they usually send you a notice.

Answer 2

If your credit cards are reducing your limit every time you make a payment, they have re-assessed your credit worthiness and decided you are a higher risk. There probably isn't much you can do to keep the limit or even the account open. Carrying large balances over long periods and only making miinimum or slightly larger payments, makes you a higher risk. Forget about your utilization or debt to limit ratio and how that impacts your score. Concentrate on just paying off the credit cards completely. Call the credit card companies and ask that they not close the accounts. If they don't want to keep the accounts open, there is nothing you can do. You cannot force them to give you a line of credit. Just find a different credit card .... once you get all the existing debt paid off.

Answer 3

They usually tell you if your credit limit went up, and they say nothing if the credit limit goes down. They usually have some factors on how often and how much it can change in relation to your credit score.

Answer 4

yes they can and you will get a notice.
here are some factors,
if you take on more debt, or become late, go over the credit limit, collection activity they will lower you limit and jack you interest rate up.

Now all of the opposite you score increased, paying on time, not maxing out you cards
they will increase your credit limit.

Answer 5

Sure. However they usually notify the card holder by mail about the change.

Answer 6

Yes, read your 10 page 5 point font disclosure.

Answer 7

They should tell you but most do not.

Bank of America changed my limit to ZERO without telling me.

Answer 8

Yes.

Answer 9

Well, I hope it went up! Either way, yes, they should send you a written notice.

Answer 10

They can change it, but will usually let you know.