[Resolved]  Credit Card — Reduction in credit limit

I.had ICICI credit cards visa & American express since Oct,2006. My credit limit was Rs.1 Lac. I have never defaulted on account of payment. I have always paid my dues on time. On 05/09/09 I was trying to book my e air ticket to Manchester, UK by using my credit card no [protected] (valid from Oct,06 to Oct,10) but my transaction was failed due to insufficient limit of my card. Immediately, I contacted customer care office and I was told that my credit limit was reduced to merely Rs. 14999/- I was stunned , few days back I recieved a call from ICICI executive to inhance my credit limit to Rs. Three Lacs and all of sudden it was reduced to Rs. 14999/- and that to without intimating me. I am manager in IDTR a unit of Maruti Suzuki India Ltd. It was a great insult to me and my organisation. It resulted a sharp reaction from me,I asked customer care office to cancel my both cards. There was no logic to keep the cards just for Rs. 14999/- My orgn is such a reputed one where many Co/Banks come with great offer. Certainly I can get new ones but I want to know have I ever defaulted on payments or not paid the dues,if not then why my limit was reduced,please inform me . Thanks & Regard.