Chase Bank Lowers My Credit Limit As I Make Payments Each Month. – Josh


“Dear Steve,

Chase Credit Cards are cutting my limits as I pay off the card saying the same thing each time.

So, Chase has been cutting my limits despite me having a solid 720+ credit rating. Seems like every time I send in $500 they cut my limit proportionately. They claim my balance has grown too much in each letter, always saying the same thing. However, I’ve done nothing but pay down my debts. Is using the same excuse to cut my limits legal?


Dear Josh,

They could cut your credit limit because they say you have toe cheese. The reason why is not important. They cut it becuase they can.

I think that since you get the same letter each month your balance is just above an amount they want to see it at and the reduction and letter happens automatically.

It’s not personal, it’s not you, it’s just Chase saying they don’t value your business or you anymore.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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10 thoughts on “Chase Bank Lowers My Credit Limit As I Make Payments Each Month. – Josh”

  1. My question is that if Chase lowers the limit without looking, then wants to pull your credit rating, is it worth it to face their scrutiny or leave it alone? I know my limit inrease request(more like restoration to former limit) will be denied, so why have an inquiry on there unless I’m sure? Isn’t dumping them bad also? I have no debt but want to maintain good credit and they decreased me to $ 500 for not using it. Semms like I lose either way.

      • The limit was $2000.00 reduced to $500.00, no balance on it, never carried one in the past. I’m thinking I’ll just continue to use American Express, also no balance, and leave it alone.

        • I don’t see any advantage in pushing the limit back up other than possibly improving your overall debt to credit ratio if you are carrying balances on other cards. If you want to keep the card open and take advantage of your credit history length on that card you should use it from time to time and you can pay the balance off monthly.

          It’s wise to keep it open. Any creditor can close any card, at any time, for any reason.



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