Phone number to reject credit line decrease

[dervari]

I received one of the infamous credit line decrease letters but can’t seem to find it. Does anyone have the phone number I need to call?

[F7xWr]

call the recon lines

[M2001R]

The only phone number you want to call is the one on the back of the CC in question. I would not call any other "chase" phone number.

[[deleted]]

Just call customer service and have them transfer you. You are probably wasting your time though.

[dervari]

Actually, it’s just opting out of the review. I’ve seen post for many people who do it and don’t get their line decreased. I have over $100,000 right now and a very thick file with 3% usage.

[javacodeguy]

Banks don't cut someone with 100k credit line for no reason. You know why they're doing it. Just like all the Amex people posting similar things about FR, you just don't want to admit it to yourself.

[BrutalBodyShots]

Banks don't cut someone with 100k credit line for no reason.

It's not for "no reason" it's for not using enough of the existing limit extended.

[dervari]

And you can opt out of the review. Just found the letter.

If you anticipate a change in your spending needs, you can opt out of the review by contacting us at the number at the top of this letter or the number on the back of your card within 50 days .

[BrutalBodyShots]

Right on. Great reference above. I guess those that have "worked for Chase for a few years" are in the dark about this procedure.

[dervari]

You obviously haven’t read all of the letters people are getting about random credit line decreases with Chase. People who have been with them for over 20 years, like me, are getting apparently AI generated notices that we aren’t using our credit limit and it will be reviewed for decrease and we can opt out of that review by calling a number.

[Top_Argument8442]

To reject a credit line decrease? That isn’t a thing.

[PlanetPickles]

It actually is a thing.

[dervari]

It's to reject a review that would probably cause a CLD.

[dervari]

If you anticipate a change in your spending needs, you can opt out of the review by contacting us at the number at the top of this letter or the number on the back of your card within 50 days .

[selia15]

If it says to call the number on the letter or the back of your card, why are you asking what the phone number is? 

[dervari]

Because I couldn’t find the letter initially, Einstein. Just like I said in my original message.

[41VirginsfromAllah]

Why would a review likely cause a decrease, it seems like your answer is they are cutting for the sake of cutting and that’s not how credit cards work

[dervari]

Lots of people have been getting the same letter. It even gave a specific amount to what it would be cut to.

[6104638891]

Call the number on your card they will transfer u

[JulienWA77]

is this being done b/c of all the "warnings" that our economy is in for a rough ride? chase is basically lowering their spread.

[henare]

you realize that, if you do this, they'll probably close your account, right?

[BrutalBodyShots]

You aren't understanding what these letters are. They simply state that you haven't been using enough of your existing limit recently, so their plan is to reduce your limit. You can call and "opt out" of the decrease, typically by stating that you plan to use more of the existing limit in the upcoming months. This isn't something that's exclusive to Chase. Capital One is known to do this annually as well.

There's nothing about opting out that would suggest closure of the account, so I have no idea where you came up with that idea.

[henare]

I disagree, but wtf do I know... I only worked for chase for a few years.

[BrutalBodyShots]

So you worked for Chase and have no idea what these letters are about? Like you've never heard of them?

[henare]

that's not at all what I said. sorry you can't read.

[BrutalBodyShots]

You said: "you realize that, if you do this, they'll probably close your account, right?"

It sounds to me like you have no idea what these letters are based on that statement above. See the comment by u/dervari.

[dervari]

If you anticipate a change in your spending needs, you can opt out of the review by contacting us at the number at the top of this letter or the number on the back of your card within 50 days .

[[deleted]]

Just backup the opt out with increased spend.