• Credit Scores, Collections, and Debt

  Are Credit Card companies lowering credit limits of credit card holders or is it

  Posted by Hunter on February 10, 2024 at 3:14 pm

  Are credit card companies lowering credit card limits of consumers or is it just me?

  Gustan Cho replied 2 years, 8 months ago 2 Members · 1 Reply

  • credit card limits
• 1 Reply

• 

  Gustan Cho

  Administrator

  February 10, 2024 at 5:25 pm

  I have two Discover credit cards. One for $8,500 and the second one for $800.00. I paid off my balance to zero and Discover lowered my $8,500 Discover credit card balance from $8,500 to $500. I was never late and have been using it regularly for the past four years. This credit card limit decrease happen last month. Yesterday I get a email alert from PayPal credit card stating from $3,600 Master Card limit has been decreased. My PayPal Mastercard credit limit was increased last month from $1,800 to $3,600. Now PayPal Mastercard is saying they are decreasing the credit card limit. I don’t know what they lowered it to but will keep you posted. Never late and always paid on time

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