Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Explain!

I would too.

My mother got a call from AMEX on Saturday night from AMEX and they left a message asking her to give them a call because they would like to notify her of a change on her account. We didn't call them but we checked her account online and saw that AMEX had cut her limit from $2,700 to $2,300. They have begun chasing the balance. My mother has a balance of $2,166 on the card and is currently trying to BT the balance off and close her AMEX card. Seems like no one is safe and everyone is going to have their limits reduced no matter what, just a matter of time.

Regarding the whole CLD situation. I mean, I can understand why creditors may feel the need to lower some CLs (due to the volatility of the Financial Market and the Economy as a whole), but lets be serious, the more they piss off their good money making and on-time paying customers. What position do they expect to be in when its all over and every creditor has a bad taste in their mouth from them?

Too many companies are thinking of the now instead of the long term repercussions on their decisions. And forgetting an important fact, what may be down right now (credit market) will eventually go back higher than ever.

It's going to cost them more to regain their customers in a couple years than cutting exposure on their cards now.

:white-flag:

You are correct, hjm331. A lot of people that got the CLD's will still keep the cards in the sockdrawer and taking it out maybe once every 6 months for something cheap.

I agree too, but if had a CLD on my card (and I didnt find out till I got to the store to pay for the purchase) I would have prob lost it on the CSR rep that day. Its just bad business practice. But than again, they feel that they are above everyone and everything. In a couple years, when this is all over, the consumers will have the last laugh.....

I'm very happy with my BOA WorldPoints Visa and will combine my BOA AMEX with my BOA Visa because even though BOA has full control of it, I don't want AMEX making any profit from merchant fees.

That is rather embarrassing Brian23, someone makes a good payment on their account and think they are going shopping and then "Baam" card gets decline. I am with HJM and Eldarwen, BOFA and Discover are my first targets. I want the treatment that smcc just received from BOFA, had that been Amex, it probably would have caused her to turn around because the snatched the available credit. I hate Amex!:upset:

Meya, you deserve BOA and Discover (and AMEX for that matter, although you might not want them now). I know you have been rebuilding for 5 and 1/2 years, so its about time you left the sub primers. Also, I think I read on another review of yours that 2009 is going to be your year for everything wiping away?

I tell you what (2009 is def not going to be mine) but 2010-2011 everything will be gone.

The good thing about credit is no matter how much you mess it up you can always get it back (although it does take 7 lllllooooonnnnggggg years to do). lol! And the hardest part is getting over the initial stump and getting that 1st card (I know cause I had to resort to the really bottom feeders). lol. Because of course I didn't know any better at the time.

I'm just waiting for my last baddie to drop, my inq's, and then it's a go. Actually I also want to pay off all of my bills and then come at the creditors of the big world. I want to come with 0 balances. So hopefully 2009 everything should be the way I want it.

2011 is going to be my year. On January 1, 2011, I'm going to apply for the card that I have been saving my credit for and that is the PenFed Platinum Rewards Visa. I would feel a lot better having that in my wallet than an AMEX since that card is difficult to get approved for and has top-notch CS.

Nope no issues with credit lines and thanks to advice from Meya and HJM I've recently gotten a new card BB MC, and an increase from Macy's. I checked with Target (Tarzhay) and found that they have a general outgoing message stating that they are not even reviewing accounts for increase in the next few months! Oh I forgot to mention...I was recently approved for my first home loan at 5% interest. LOVE LOVE LOVE to FG!:cheesing:

5% int rate? Thats awesome news!!

Yea, i had to put aside my home shopping a couple of months ago (my parents both lost their jobs in oct (they worked for the same company infortunately)). And I have been paying part of their mortgage and my own rent since than. I am just broke as sh*t these days... lol...

Hopefully in the next couple of months I will be able to get back into homebuying.

Flatbroke is still in the house:white-flag:

Wassup gurl! Glad to hear of your new cards, home**** and all that good stuff. We are happy to hear that the banks have not touched your cards. Many of us are still lucky but don't think we are not out biting our nails. Don't even trip off of Target, they don't even offer enough cl to decrease something. Yet I don't trust them, who knows what is up there sleeve.:laugh:

No wonder why you have been out hiding, you are kicked back in relaxation right about now. WE miss & love ya girl! Congrats and break the house in, just don't do nothing I would do................or Colo.
:popcorn: