Why has my credit card limit suddenly been reduced?

[DitaVonCheese]

I've just received a letter from my bank to say that they've reviewed my account and reduced my credit card limit from something like £4000 to £700.

I was in massive debt a few years ago but since meeting sensible DH have paid it all off and been debt-free for a while now. This is the only credit card we have and it has lived in the freezer (with a zero balance) for most of the past couple of years (DH hates them). I've spent a little on it over the past two months, up to £600-ish, but have paid off big chunks each month (on time, I think). A couple of days ago we paid the car insurance on it as they wouldn't take a debit card. Then today this letter.

I could understand them reducing it if I never used it but to do it when I've just started using it is a bit odd.

Don't mind as we don't use it much and I think we'd both prefer a lower limit anyway, but I'm just panicking that someone's stolen my identity and racked up massive debts or something. Financially nothing has changed for us. Am I right to worry or is this just something banks do from time to time?

it happened to my partner he had £7000 limit on barclaycard and they reduced it as he never used it, eventually they took it off him !!

Are they making enough money out of you? If not, I think you have your answer!!

I think they would like to give your credit to someone else who they can make money on!

My DH has had his limit reduced too apparently because he doesnt use it enough!

That's what I thought, except that I've just started using it again

Anyway, checked on Experian and all looks fine, so will assume that is all it is.