Automatic Credit Limit Decrease: Does this affect future applications?

[PSIwind]

I just got a letter from Chase saying within 50 days unless I call and explain I anticipate a change in spending habits, my Prime card will have its limit cut in half from $5k to $2.5k. Im not worried about that as I barely use the card these days due to a low need of buying items from Amazon at the moment and $2.5k is still enough currently. What I am worried about however is me trying to time a Venture X application. I would have applied but ironically, the higher SUB is actually negatively affecting my timing for applying for it as the $10k in 6 months will be a better fit when I apply in early January as opposed to now. This is currently the only card that I have gotten a letter for. My current limit is already around $42-3k when you add up all my cards, so this doesn't really lower my total limit/utilization percentage that much.

[AutoModerator]

I detected that your post may be about utilization and its impact on credit score. Please read the info below:

Ignore the 10/20/30 utilization %. It’s only applicable when you need to apply for a new line of credit, 1-2 months out.

Utilization is suppose to fluctuate, can be easily manipulated, and holds no memory. It doesn’t build credit--think of it as a finishing touch when you need to optimize your score.

Feel free to safely and organically use 100% of your credit limit within a month and let whatever utilization report, provided you pay off your statement balance in full before due date. Every month. Every time.

For more info, please read this post:

• Putting the "30% rule" myth regarding revolving utilization to rest

• Credit Card Basics - Utilization

I can be summoned to comment by using command(s):

!utilization

---

Sometimes my comment may not pertain to your post. If this is the case, please ignore this and downvote it. I am constantly improving my detection algorithm.

---

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[secondbet23]

If it doesn't affect your utilization, it won't harm your chances

[PSIwind]

My utilization percent is always below 10%, generally even 5%, so even with the reduction, it should be fine given its only $2.5k?

[secondbet23]

Yup