saviola said]GE Money MC just lowered my limit from $24K to a measly $1600 bringing my account to within $50 of 100% utilization. All the reasons they site for this action based on their periodic review are almost fabricated and imaginary.

Once more, there's no credit analyst in their CS dept to vent off on and reason with, they say write. So I sent them a very nasty letter not caring where they shove their $1600.

http://www.fatwallet.com/forums/finance/322874/?start=560

List Credit card issuers that closed accounts / reduced credit lines / taken other adverse action due to usage patterns

http://www.fatwallet.com/forums/finance/322874

ok, So I Think Gemb Is Cutting Cl Across The Board On Their Cards That They Issue. First Walmart, Now Its Old Navy. I Went From A $400 Cl To $100 Cl. This Is Credit Murder!!!!!!!!!!!!!!

What The Hell Is Going On Over There At Gemb

My scores are also increasing as I pay off my debt and should be in the 700 club in February when I'm debt free.

thats good that your paying off dedt and you will get to the 700 club by FEBRUARY I AM PRAYING FOR YOU

OK, so I think GEMB is cutting CL across the board on their cards that they issue. First Walmart, now its Old Navy. I went from a $400 CL to $100 CL. This is CREDIT MURDER!!!!!!!!!!!!!!

Sounds like he has high utilization. $5,000 is a large balance in today's economic climate and I'm sure that he doesn't have a figure figure credit limit.

Here is a nice article about a guy (and others) who has been hit by their banks when they said the same thing we do, "I paid them on time and well" or "I never missed a payment!"
http://www.walletpop.com/article/_a/bbdp/why-credit-card-fees-are-going-up/244552

Ok, cool!

That's also why I have a Best Buy card. I will purchase and finance my appliances on the card that gives me a better overall deal including how long I will have to pay off the purchase without paying any interest.

That promo comes quite often on our billing statements and it is always in the store. I think you will be all good when that time come.

Yeah, that's the reason why I opened it up anyway. I know that I will have to buy appliances when I move out and I'll be able to take advantage of a no-interest promo when that time comes.

It shouldn't, they know that expensive purchases is necessary for that store.

I hope my Lowe's card doesn't end up that way.

As of last night, I was all good. So that was 3x's:laugh:

I feel you Rivas, that is an insult.

I wouldn't blame here, there's a lot of crazy activity going on with credit card accounts as we speak.