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Card limit
heatherw_01
Posts: 6,812 Ambassador
in Credit cards
My OH has received a letter today saying that his card limit has been reduced from £12,500 :eek: to £1000
It says that they review past and present accounts and also the check recent acitvity via a credit report check.
Does this reduction in spending limit reflect the credit report check or the fact that we have not used the card in years?
It says that they review past and present accounts and also the check recent acitvity via a credit report check.
Does this reduction in spending limit reflect the credit report check or the fact that we have not used the card in years?
I’m a Forum Ambassador and I support the Forum Team on the Quick Grabbit, Freebies, Overseas Holidays & Travel Planning and the UK Holidays, Days Out & Entertainments boards.
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If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
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Comments
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Sounds like MBNA? They have a history of reducing limits, ostensibly to reduce the amount someone can go in debt by.heatherw_01 wrote:My OH has received a letter today saying that his card limit has been reduced from £12,500 :eek: to £1000
It says that they review past and present accounts and also the check recent acitvity via a credit report check.
Does this reduction in spending limit reflect the credit report check or the fact that we have not used the card in years?
That said, you imply by your last sentence that you haven't used the card in ages. Assuming there's no debt on it, why do you still have it open?Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
My OH hasn't cancelled it yet :rolleyes:
It is TSB
Can I say then that the limit was probably reduced as we don't use it?I’m a Forum Ambassador and I support the Forum Team on the Quick Grabbit, Freebies, Overseas Holidays & Travel Planning and the UK Holidays, Days Out & Entertainments boards.
If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0
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