http://masteryourcard.com/blog/2008/08/12/falling-credit-limits/ The best Credit Card Debt Blog online Thu, 02 Feb 2012 13:31:13 +1100 http://wordpress.org/?v=abc hourly 1 http://masteryourcard.com/blog/2008/08/12/falling-credit-limits/comment-page-1/#comment-4444 Jane Tue, 12 Aug 2008 16:43:22 +0000 http://masteryourcard.com/blog/2008/08/12/falling-credit-limits/#comment-4444 I had a similar problem with my now "dead" Bloomingdale's Visa card 1 year ago. It was my backup card in case my primary credit card was lost/stolen They lowered my limit from $6,000 to $500 saying that I was a credit risk since I didn't use it that much. As my credit score was more than 800 at the time, I told them to just close the account and opened a new card with USAA which, as most will tell you, is one of the best banks in the world if you can join. I know I was not calm on the phone call though and for once the customer service rep did not try to get me to keep the card. I had a similar problem with my now “dead” Bloomingdale’s Visa card 1 year ago. It was my backup card in case my primary credit card was lost/stolen They lowered my limit from $6,000 to $500 saying that I was a credit risk since I didn’t use it that much. As my credit score was more than 800 at the time, I told them to just close the account and opened a new card with USAA which, as most will tell you, is one of the best banks in the world if you can join. I know I was not calm on the phone call though and for once the customer service rep did not try to get me to keep the card.

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