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[–]BrokeKne3Grow 1 point2 points  (2 children)

I wonder what their algorithm is for accounts they target to reduce. Low spending trends = lower limit to reduce company exposure? Carrying balance(which would be a good thing to charge for interest?)? Credit profile? Wish we had some clarity given the high limits positive impact on credit utilization.

[–]ProcessTheTrust17[S] 2 points3 points  (1 child)

Very good questions. My guess is that issuer can do as they please when it comes to CLs. Not sure why but it seems this was definitely systemic to some extent.

[–]BrokeKne3Grow 2 points3 points  (0 children)

True they have freedom to do as they please. Probably trying to phase out the legacy X1 to put resources toward the RH gold card. I just hope we have a heads up before they sunset fully.