Skycard/Barclaycard suddenly & dramatically reducing credit limits?

mikemessage

Similar thing is happening to me on my Barclaycard payback card they reduced my credit limit from £11,000 to £650 just before sending out my credit card statement. As I usually spend more than this on the card each month I instantly went over my credit card limit with the transaction still in the pipline. Sent a payment immediately but all cannot use the credit card now as I am over my credit limit and expect to be charged an over credit charge.

MelBean

Hi Ickle Pickle,

Just wondering if you had an update from FOS yet, exactly the same thing has just happened to me was absolutely livid have fired off a letter of complaint after getting nowhere with customer services. I am lucky that I have been able to retransfer the balance to another card but that will cost me another £90 for the same balance in less than a week. Have two more cards with Barclaycard and terrified if I kick up a fuss then they will close these leaving me really up the proverbial creek with out a paddle. Will be extremely interested in how you got on.

Melbean.