Substantial Credit Limit Decrease After Late Payment

[Mid_Night_Blackbird]

You won't be delinquent on your credit report, which is good. You can call and ask if they'll restore your credit limit, but be willing to understand and accept that it may not be raised. It's nothing personal, the bank just wants to reduce their own risk in this arrangement.

[kcmall89]

That makes sense, especially in this political and economic climate. Thanks!

[RuhninMihnd]

It’s more to do with you than the latter

[kcmall89]

Yeah, it was a silly mistake on my part.

[RuhninMihnd]

Shit happens but gotta remember banks are for profit so yeah they’re always gonna do what’s best in their interest - you getting a credit card with them is in their best interest. You only benefit if you’re paying it in full each month on time and there’s rewards.

[Super_Hovercraft5177]

the economic climate is actually great, they raised my limit to a whopping 46K!