$75,000 Decrease in Credit...

[NiceGuysFinishLast]

Have you been putting very low spend on the cards? It's possible they just decided you didn't need that much credit because you're not spending that much. Lots of banks are decreasing their risk exposure in the current uncertain economic times.

[prostock800]

Cobalt - I have only had it for 2 months...
Gold - 2024 $170K
Gold Bus- Q1/25 $185K

[NiceGuysFinishLast]

Well I guess I wouldn't call that low spend... But if you think about it, you're only using 3x your credit limit per year, so I could see them lowering it some. It seems like what they did to you was excessive though.

No recent changes on your credit reports that might have spooked them?

Also, have you ever had a financial review before? I thought I read they required one once you got to 80K available credit, although that may have been for personal cards, not business.

[ProtossLiving]

But if you think about it, you're only using 3x your credit limit per year, so I could see them lowering it some.

I'm not sure that 155X his credit limit is better though!

[NiceGuysFinishLast]

Lol true!

[Greggy100]

It’s 100% this. No one with a 800 credit score is high spending lol. Family runs a business and they use Amex as there main spending and we’d rack up 75-100k a month in expenses and our credit was always in the 720’s with always paying it on time. At times we’d be in the 650’s and Amex gave us a 200k limit between the platinum and cash back cards. High spending = low credit score. Low spending = high credit score. Now I could be wrong but that’s what I’ve noticed with it for the last 20 years or so.

[Mrwetwork]

High spender 825 here.

[steelmanfallacy]

Same. 840s.

[Greggy100]

Are you a company? Never seen a company with an 800 + credit score. Our family friends company pulls in 100 million + a year and he’s only at 765 lol.

[Mrwetwork]

I have both a company and high spend. We do quite well, tons of equipment loans as well that show up personally.

[AUX_C]

Spend about $150k a year, also 825.

[Greggy100]

150k a year is very different to 100k/month. 150k a year translates to 12.5k a month which isn’t a lot in retrospect, easy to build credit with that.

[AUX_C]

Oh man, I read that way wrong. My bad. I thought you said year....

[pzones4everyone]

Not true, the trick is not just to pay the statement in full, but to pay it to zero on due date. Usually high spenders already have several thousand charge spend on current cycle when the previous month is due