A Reddit user experienced a significant reduction in his Bank of America credit card limit, leading to confusion and concern over the reasons behind the decision. Experts suggest that inactivity and potential signs of financial distress could be factors prompting such actions from banks. Users are encouraged to maintain regular use of credit cards, even in small amounts, to keep them active and avoid limit reductions. For further clarity on individual situations, contacting the bank is essential.
Many banks will reduce your credit line, or even close your card entirely, if the card is dormant.
The only way to get a clear answer on why the poster had his credit limit cut would be to call Bank of America directly.
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