Comments on: Can my credit card company unilaterally lower my Credit limit at its discretion? How likely is this? http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/ Fri, 30 Jul 2010 02:44:49 +0000 http://wordpress.org/?v=2.6.3 By: llapczynski http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/#comment-73 llapczynski Tue, 21 Oct 2008 22:01:09 +0000 http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/#comment-73 Look for it to get lowered at any time, esp, if it's a Citibank card-they are in deep trouble, so they are looking at all customers and want to lower their risk as much as possible. CC company's look at your overall debt, payment history with them and other cc you may have, how long have you been a customer etc. So don't be surprised if it gets lowered, they can also raise interest rates too, and fees so keep an eye out for the little mailers that come in small white envelopes-easy to throw away as junk mail Look for it to get lowered at any time, esp, if it’s a Citibank card-they are in deep trouble, so they are looking at all customers and want to lower their risk as much as possible. CC company’s look at your overall debt, payment history with them and other cc you may have, how long have you been a customer etc. So don’t be surprised if it gets lowered, they can also raise interest rates too, and fees so keep an eye out for the little mailers that come in small white envelopes-easy to throw away as junk mail

]]> By: tinker46139 http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/#comment-72 tinker46139 Sun, 19 Oct 2008 23:18:42 +0000 http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/#comment-72 Mine was also lowered, the reason was that I don't do that much charging. the greatest charge was for a new computer, which I paid off at the end of the month. My history of charging as very, very, low, therefore a cut in my credit limit. I don't use the card enough to warrant a high credit limit. Mine was also lowered, the reason was that I don’t do that much charging. the greatest charge was for a new computer, which I paid off at the end of the month.
My history of charging as very, very, low, therefore a cut in my credit limit. I don’t use the card enough to warrant a high credit limit.

]]> By: Judy http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/#comment-71 Judy Thu, 16 Oct 2008 21:36:26 +0000 http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/#comment-71 I read something funny in Money magazine. If you are a good customer that pays their bills in full each month, they are actually raising your credit lines. Their hopes are that you will spend more and eventually trap yourself into paying interest. / I read something funny in Money magazine.

If you are a good customer that pays their bills in full each month, they are actually raising your credit lines.
Their hopes are that you will spend more and eventually trap yourself into paying interest.
/

]]> By: Kay http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/#comment-70 Kay Thu, 16 Oct 2008 03:36:46 +0000 http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/#comment-70 A credit card company would only lower the credit limit of cardholders when cardholders consistently delay payments and frequently defaul on the account. In your case, it's very unlikely that your card limit will be lowered. However, credit card companies can unilaterally lower cardholders' credit limit if they so choose/decide. A credit card company would only lower the credit limit of cardholders when cardholders consistently delay payments and frequently defaul on the account. In your case, it’s very unlikely that your card limit will be lowered. However, credit card companies can unilaterally lower cardholders’ credit limit if they so choose/decide.

]]> By: bud68 http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/#comment-69 bud68 Tue, 14 Oct 2008 17:15:59 +0000 http://djbpassports.com/can-my-credit-card-company-unilaterally-lower-my-credit-limit-at-its-discretion-how-likely-is-this/#comment-69 Yes, they can and have been. Having a high actual debt to total available credit ratio is one red flag. Making only minimum payments is another. Yes, they can and have been. Having a high actual debt to total available credit ratio is one red flag. Making only minimum payments is another.

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