Why Did My Credit Limit Decrease?

When your card is inactive or your credit utilization appears dangerous, credit card providers may cut your credit limit. When the economy is shaky or when their total credit portfolios need to be adjusted, they may also reduce credit limits. You could be concerned about what a limit reduction means for your credit and your financial situation. There are actions you may take to recover from a credit line decrease, which may have an impact on your credit score.