Comments on: Lowering the Credit-Card Limits http://www.credit-card-news.us/2008/09/29/lowering-the-credit-card-limits/ A frequently updated blog about credit cards for U.S. consumers Wed, 19 Jan 2011 02:11:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Bernie http://www.credit-card-news.us/2008/09/29/lowering-the-credit-card-limits/comment-page-1/#comment-9510 Bernie Thu, 04 Jun 2009 02:05:44 +0000 http://www.credit-card-news.us/?p=223#comment-9510 I had the same problem, but with walmart. My limit was $500.00, decreased to $200.00. I paid on my card twice a month. I found out by making purchases at walmart, and my card wouldn't go through, now that is embarassing. I had the same problem, but with walmart. My limit was $500.00, decreased to $200.00. I paid on my card twice a month. I found out by making purchases at walmart, and my card wouldn’t go through, now that is embarassing.

]]> By: Bill Jenkins http://www.credit-card-news.us/2008/09/29/lowering-the-credit-card-limits/comment-page-1/#comment-9091 Bill Jenkins Wed, 15 Apr 2009 00:56:22 +0000 http://www.credit-card-news.us/?p=223#comment-9091 I had a Menards "Big Card" store credit card that was operated by HSBC. It had a $1,000 credit limit and I rarely purchased items and never carried a balance over. So I check online to see that my credit was lowered from $1,000 to $200. Why bother? I closed the account without thinking twice. $200 credit is meaningless as any charges on it would surely increase a debt/credit limit ratio THROUGH THE ROOF. What really could I purchase for $200 anyway? I certainly could never take advantage of Menards "interest free for a year" offering on appliances and whatnot. HSBC are crooks, and I'm going to ensure Menards pays the price for dealing with that crooked company by never shopping there again. But I'm just one guy so I'm sure they could care less. I hope HSBC becomes the next one to DIE. Anyway, I did not get any notice of a credit limit reduction. It seems to me the only way of avoiding credit limit reduction at this time is to actually keep your credit cards charged to the max until these companies stop this nonsense. I had a Menards “Big Card” store credit card that was operated by HSBC. It had a $1,000 credit limit and I rarely purchased items and never carried a balance over.

So I check online to see that my credit was lowered from $1,000 to $200. Why bother? I closed the account without thinking twice. $200 credit is meaningless as any charges on it would surely increase a debt/credit limit ratio THROUGH THE ROOF. What really could I purchase for $200 anyway? I certainly could never take advantage of Menards “interest free for a year” offering on appliances and whatnot.

HSBC are crooks, and I’m going to ensure Menards pays the price for dealing with that crooked company by never shopping there again. But I’m just one guy so I’m sure they could care less.

I hope HSBC becomes the next one to DIE.

Anyway, I did not get any notice of a credit limit reduction. It seems to me the only way of avoiding credit limit reduction at this time is to actually keep your credit cards charged to the max until these companies stop this nonsense.

]]> By: Xsan http://www.credit-card-news.us/2008/09/29/lowering-the-credit-card-limits/comment-page-1/#comment-8407 Xsan Tue, 03 Mar 2009 22:02:33 +0000 http://www.credit-card-news.us/?p=223#comment-8407 Thank for you for the information, it was very interesting. Thank for you for the information, it was very interesting.

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