Credit card limit reduced

Jb59

I have had a credit card for at least 10 years. I have always paid off more than the minimum and over the years my credit limit was increased to almost £14000. I've never reached more than £3000 and currently down to £1300. I've just been sent a letter saying my limit is being reduced to 1700 unless I send in bank statements, wage slips etc. I would never have used a ridiculous limit like 14000 but 1700 is a large reduction. I am quite annoyed as nothing has changed financially but I'm not prepared to send in lots of info. 

dr_adidas01

Jb59 said:

I have had a credit card for at least 10 years. I have always paid off more than the minimum and over the years my credit limit was increased to almost £14000. I've never reached more than £3000 and currently down to £1300. I've just been sent a letter saying my limit is being reduced to 1700 unless I send in bank statements, wage slips etc. I would never have used a ridiculous limit like 14000 but 1700 is a large reduction. I am quite annoyed as nothing has changed financially but I'm not prepared to send in lots of info. 

Is this barclaycard? 

If so its happening to a lot of people and you could have added this post to the BarclayCard Limit Reduction thread. If you're not prepared to send off the info requested then I guess you'll just have to accept limit reduction then.

GrumpyDil

Yup. You simply need to decide if getting the limit increased to the number you want is worth all the info they have asked for.

Me, I've decided I have better things to do with my time. 

goldieandblackie

Just switch to a 0% credit card company and kick Barclays up the !!!!!! and return the card to them and use a balance transfer if you cannot pay the card off in full,  simples.