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Beware - Your Card limit may reduce suddenly

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Comments

  • Robflh
    Robflh Posts: 328 Forumite
    Hi Dylanwing

    Lets try that again with the correct date. You might like to watch the Dispatches programme. It is on C4 10/12/07 at 9PM.
  • MABLE
    MABLE Posts: 4,239 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    udydudy wrote: »
    yes indeed they do that and it does not leave a footprint. Barclays confirmed that to me when they lowered my credit limit and i queried them how they do that. They query files every 6 months and if they find a lot of unused credit limits or abused credit limits they decrease your limits.

    I have alot of unused credit available from other credit card companys but this did not stop Barclaycard increasing my limit a few weeks ago.
  • i have had a barclaycard for just 10 days now ,ive used it twice and today i logged into my account to find that my limit has been reduced by 2/3rds of what it was(ive used £200, limit was £1500 now £500), ive not had any letter ,phonecall, or anything to indicate why this has happened i have just called them with no success as i cant understand what there adviser was saying so i have emailed asking why this has happened, anyone had this happen after just 10 days of having a card
  • eco123
    eco123 Posts: 152 Forumite
    They query files every 6 months and if they find a lot of unused credit limits or abused credit limits they decrease your limits.

    What would you class as an abused limit?!
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