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irish2016

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I have 2 credit cards that has lowered my limit, should I be worried about this?

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No. Just keep using the cards regularly to maintain a balance around 10% of your credit limit. Pay on time and in full when the statement comes.

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No, if it's due to inactivity, it's no big deal it won't change your overall utilizations as you aren't using them regularly... Yes, if it's due to changes in your credit profiles, i.e... have much higher balances and paying bare minimum, or having extremely high overall credit limit with same creditors, they either balance chasing you or taking Adverse Action against you, at times you might not even have high balance with that creditor but you have high balance with a totally different creditors. Lately Synchrony Capital whom issues many store charge/credit cards have been actively close people's accounts without warning, some of them have over 50k total credit exposure with them.

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Yes, you should be concerned about the lowering of your limit.   Did you inquire of the credit card company of why they lowered the credit line?  You should.   Some monitor your credit and make decisions based on what they see.   If they see you applying for a lot of credit in a short time, this gives them concern that you are anxious for credit and a sign that failure could be forthcoming.  They lower your limit to lower their exposure.   If you Utilization is climbing to amounts higher then is normal for you, this is another sign of struggles.  Again. lowering your available credit limits their exposure.   Lowering your available credit is having an effect on your Utilizaton which will cause your score to drop.   Say credit card #1 saw the number of inquires and took action.   When they lowered your credit, it caused your Utilization to increase.   When Card #2 saw your Utilization jump substantially, they got concerned and took action.   To stop the snow ball affect, ask them for an explanation.  They probably even sent you a letter explaining their actions.   They aren't required to notifify you in advance, although, they are required to notify you.  You may be able to explain their concerns and reverse their actions. 

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