Thousands back for Credit Limit increase without notification

Jane0401

Hello
I had a phone call yesterday to say that I could claim back thousands of pounds for a credit card I used to have with Barclays. Barclays increased my credit limit without me knowing which is apparently against the law. This was a few years ago. This company (can't remember who they said they were) said that I should pay them £275.00 using my credit card so that they could claim thousands back. I obviously did not give them my card details over the phone.
Has anyone heard of this and is it genuine?
Thanks in advance.

System

<Tongue In Cheek mode>
Of course it is. You can put the compensation in the same savings account as the compensation for all the various accidents that you have had but can't remember and were somebody else's fault.
</Tongue In Cheek mode>

Bottom line - No. It will have been in the T&Cs that they can vary credit limits. If you didn't want it then all you had to do was contact them and tell them.

tomsco

No, it's not illegal.

Fruit_and_Nut_Case

Jane0401 wrote: »

Hello
I had a phone call yesterday to say that I could claim back thousands of pounds for a credit card I used to have with Barclays. Barclays increased my credit limit without me knowing which is apparently against the law. This was a few years ago. This company (can't remember who they said they were) said that I should pay them £275.00 using my credit card so that they could claim thousands back. I obviously did not give them my card details over the phone.
Has anyone heard of this and is it genuine?
Thanks in advance.

There are already threads on this site which a simple search would have found.
Compensation resulting from bank increasing credit limit without permission?
credit limit increased with out permission, is there anything to claim