So FH and I work like crazy, have great credit and make ill just say well over 100,000. SO anyway we have no credit card dept maybe like 7000 balance out of 45,000 availiable credit anyway he went to the store yesturday and one of the credit cards were declined. Mind you he had 900 on the card so it had 9100 available credit the night before. He argued then called the card company. They argued back and forth and nothing made sense. Then she said:
Oh im sorry sir you will be recieving a letter in 7-10 business days , this happened last night around midnight. With todays economy we lowered everyones availiable credit. IM sorry for any inconvience....
Any inconvience are you f**** kidding me. We never carry a balance on that card at the end of the month its paid in full, we were using that card for our deposits and disney trip in January. He had a 10,000 dollar limit for the last 8 years on that card. they lowered it to 1500...
ARGGGGGG so fustrated. I dont understand this is going to kill the economy cause now that card is maxed out at 1500 lol but really not funny. Credit scores are over 700 does not make sense to penalize hard working people. Never missed a payment nothing.
OK sorry for the vent so annoyed but girls double check you avail balance
WishfulRinne
Posted:
Member since
Re: oh no check credit cards. must READ
The same thing happened to my FH. he has a great credit score too. His credit card company told him they were going to review his file again and get back to him. It really *****!!
FuTuRe MrS MaZz
Posted:
Member since
Re: oh no check credit cards. must READ
wow... thats a huge deduction right there! what CC was it with? I have a citicard and so far, they havent pulled that crap with me
WishfulRinne
Posted:
Member since
Re: oh no check credit cards. must READ
Posted by FuTuRe MrS MaZz
wow... thats a huge deduction right there! what CC was it with? I have a citicard and so far, they havent pulled that crap with me
It was American Express for FH
missjones2007
Posted:
Member since
Re: oh no check credit cards. must READ
yep this happened to me too...my credit is good but i still cant get approved for a card
jnc12306
Posted:
Member since
Re: oh no check credit cards. must READ
Posted by WishfulRinne
Posted by FuTuRe MrS MaZz
wow... thats a huge deduction right there! what CC was it with? I have a citicard and so far, they havent pulled that crap with me
It was American Express for FH
USAA
rocketsummer17
Posted:
Member since
Re: oh no check credit cards. must READ
Posted by FuTuRe MrS MaZz
wow... thats a huge deduction right there! what CC was it with? I have a citicard and so far, they havent pulled that crap with me
did you get the letter from citcards yet??!! They are upping their 'base percentage' or whatever you want to call it from 10.99 to 15.99% and if you opt out (which i tried to do) you will be told you have three months to pay the balance in full if you do!!!!
WishfulRinne
Posted:
Member since
Re: oh no check credit cards. must READ
Posted by rocketsummer17
Posted by FuTuRe MrS MaZz
wow... thats a huge deduction right there! what CC was it with? I have a citicard and so far, they havent pulled that crap with me
did you get the letter from citcards yet??!! They are upping their 'base percentage' or whatever you want to call it from 10.99 to 15.99% and if you opt out (which i tried to do) you will be told you have three months to pay the balance in full if you do!!!!
OH NO!!! really!! Jeez that *****!! I have Citi cards! Darn it!
rocketsummer17
Posted:
Member since
Re: oh no check credit cards. must READ
Posted by WishfulRinne
Posted by rocketsummer17
Posted by FuTuRe MrS MaZz
wow... thats a huge deduction right there! what CC was it with? I have a citicard and so far, they havent pulled that crap with me
did you get the letter from citcards yet??!! They are upping their 'base percentage' or whatever you want to call it from 10.99 to 15.99% and if you opt out (which i tried to do) you will be told you have three months to pay the balance in full if you do!!!!
OH NO!!! really!! Jeez that *****!! I have Citi cards! Darn it!
i dont know if everyone is going to get the letter, or if it is just for certain cards (i have the rewards card) but it really stinks that they are raising their interest rate like that...
WishfulRinne
Posted:
Member since
Re: oh no check credit cards. must READ
Im nhorrible with my mail. I will look to see if I got it but I hope I dont!!
NikkiR515
Posted:
Member since
Re: oh no check credit cards. must READ
Wow.. that is terrible!!! I noticed that my citibank card was being extra strict (I had to be on the phone with them for 15 minutes in the bridal shop when I tried to charge some things for the wedding) but so far they haven't cut me off yet.. I will definitely be paying off my balance in FULL and not charging anything with them at all until they lower the rates again!
Karsav7096
Posted:
Member since
Re: oh no check credit cards. must READ
I had almost the same experience with AMEX except I did receive a letter stating they were closing my account altogether. I have great credit have NEVER been late I haven't used the card in about 2 years aso it was no big deal but I was still pi$$ed because it looks bad on a credit report if an account was closed by creditor.
flairforfashion
Posted:
Member since
Re: oh no check credit cards. must READ
Despite that most us on here have amazing credit, the people who effed up their credit caused this disastrous credit crunch totally ruining it for others. It stinks and there are even more rough times ahead.
