Posted 21 May 2009 - 11:33 PM
I was contacted last week and informed that one of my cards had it's limit lowered by 60%. I called, pissed off of course, and was told that there were things on my credit report that caused it to be reduced. The irony in this was, these were all things that were on my credit when the card was issued. I also have never had a late payment, always pay well over the min due, and haven't had any other problems since I got the card. They didn't care. The result, my card will be paid off and the card will be put away. I'm sure there will be many others who do the same thing. Good customers are being penalized for things that aren't their fault. When these good customers stop charging, there will be no one to blame but the companies themselves.