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Account activity on credit card

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  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Some have. Remember, it varies by lender.
  • HeCh
    HeCh Posts: 55 Forumite
    . . . or even stoozers!
  • HeCh
    HeCh Posts: 55 Forumite
    I wish all lenders were completely open then we could all play by the same rules!
  • MallyGirl
    MallyGirl Posts: 7,201 Senior Ambassador
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    eddddy wrote: »
    One bank explained that it was to manage their asset/liability ratios.

    i.e. They have to keep a bit of money aside, just in case people with high credit limits on dormant cards decide to start using them again. So they'd rather close those accounts (or reduce their credit limits), and use that money for something more profitable.

    I had the same with my VirginOne mortgage. I was way under my facility and they wondered if they could lower it. I said no as I had plans to spend a fair bit on an orangery and they were fine with that.
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards 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.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    MallyGirl wrote: »
    I had the same with my VirginOne mortgage. I was way under my facility and they wondered if they could lower it. I said no as I had plans to spend a fair bit on an orangery and they were fine with that.

    Should have said a shrubbery!
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