Your credit limit is regularly monitored and may be adjusted to ensure that your credit limit is tailored to your individual requirements. This is also done to help maintain account security.
If your credit limit was automatically reduced, it could be due to one of the following reasons:
Low credit usage: You may not be using much of your available credit.
Missed payments: You may have missed payments to your credit card account, so your credit score may have also been negatively impacted.
Inactivity: You may have not used your credit card much in recent months, so your credit limit has been decreased to protect your account from fraudulent activity.
External factors: There may be external factors that have impacted your credit score. For any concerns with your credit report, contact TransUnion directly to file a dispute.