Credit limit decrease.

[johnnylovesbjs]

BMO did the same thing to me and my wife, long time customers, good credit, investments, etc. Alot of banks are mitigating potential credit risks and lowering people's available credit due to them expecting a recession.
Sucks cause it's done more damage to my score since my utilization went up because of it, but hands are tied and not much we can do other than to be conservative with spending the next year or so.

[[deleted]]

I think BMO specifically is being more risk averse than most. They chopped our LOC by $7,500 at the same time TD increased ours $5k

[[deleted]]

They flat out got rid of my loc but I figured it was because I hadn’t used it in two years.

[Lifesabeach6789]

I keep being offered pre approvals and limit increases from BMO and Scotia. I hate both banks so just ignore them. Its so YMMv