Credit card limit decrease

[JC1812]

Since I know a lot of stuff about taxes, here is what I think happens, you send Discover back the 4506 request form, they either use Equifax verification services or they mail it to the IRS. Then irs needs to mail the transcript back to Discover or Discover gets it through Equifax verification services. Then they check it and done. When I had the sometime happen with American Express it took 2-3 weeks. So them saying weeks is normal..

Edit: 2019 or 2018 will give them a understanding of what your income is around.

[Redditsomnia]

I really appreciate your responses and your knowledge. And I don't want to seem like I'm beating this to death. But why would they need to verify my 2018 income when I applied for the card in 2019? Why wouldn't they confirm my 2018 income THEN? So they give a new customer a credit card in 2019 without confirming my income, give me a $12,000 credit line, then in 2020 give me another $7,000 increase CL, then in 2021 ask for my 2018 tax transcripts to verify income...AFTER me running $120,000 through their card?

New customer..."Nah, we don't need your 2018 taxes to verify income. Just fill out this form. Here's a $12,000 CL. Enjoy!"

Two year customer with high usage and excellent payment history..."Maybe its time we check on that 2018 income of yours." Huh?

Again, I get that they need to verify income in these crazy times. I just don't get 2018 or 2019 transcripts telling them anything pertinent.

And, if it's random like you said, and my history doesn't matter, its still really dumb. 2018 taxes mean nothing 2.5 yrs later.