My credit card was closed by the bank due to too much available credit, is my credit going to be hurt?

My credit card with Citibank was closed by them because the credit cards I have with other banks have high limits on them. Thus, I have too much available credit. Since Citibank closed the account and not me, will my credit be negatively affected? If so, how? I have perfect credit with not even a single late account and my scores are above 800.|||Assuming you have enough credit on your other credit cards, your credit card will be minimally affected. When a line of credit is closed or minimized, whether on your behalf or the credit lenders, it reduces your debt to credit ratio. The best thing to do is pay off another card by as much as possible so your DTC ratio is unaffected. Another way this may affect your score is if it was an older credit card, it will reduce the average age of your credit lines...a key in the factor of your credit score. But, since your credit score is so high already, I'm sure you have a long history of credit, and your ratio is low, so it will most likely affect you MINIMALLY.|||no, but i suggest you stop bludging of your parents and get outside of the house more|||No. It just shows the lack of faith Citibank has in their own stock and they are afraid to have an account as good as yours out there, don't sweat it at all. Good credit isn't something you should be worried about, only weak banks worry about things like that.|||Unless that was your oldest card/account by several years, or the limit on that card was high enough that closing it would radically change your debt to availble credit ratio, your score shouldn't be affected. You might take a small hit in the short term, but time heals all credit score wounds. I wouldn't lose any sleep over it, especially if you're credit score is above 800.|||Banks are making adjustments before recently passed credit card regulations take effect, and you know what hits the fan. It is hitting the best of us with scores over 800. There are more credit limit cuts and interest rate bumps coming soon, probably due to the uncertainty of the administration trying to push though additional expensive programs that will cost more jobs (like cap and trade).