barclaycard

rangitoto

barclaycard have reduced my credit limit with 24hrs notice i have had a card with them for many years never missed a payment and never been late with a payment and over the years they have made afew quid out of me in interest had a balance of over £2000 when i got the letter with the reduced limit i paid the balance off in full i used to spend about £1100 / 1200 per month on the card why have they done this

normanmark

Are you fully utilising the full limit? CC companies are looking at customers who don't spend their full limits & if they're not then they're reducing it to a level which is reflected in the recent balances.

rangitoto

been upto near the limit a time or two but never long term though

nickmack

rangitoto wrote: »

why have they done this

They're most likely reducing their exposure. Very common at the moment. Often it's nothing personal, so if you've been managing your account properly, don't take it to heart.