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Skycard just reduced my limit

empfun
empfun Posts: 608 Forumite
in Credit cards
Hi people!

Just received a letter today from Sky who've just reduced my card limit from £4000 down to £800.

A massive reduction if you ask me. I have nearly maxed out my card before on a few occasions but I will have to jump ship soon because of this new low limit.
I know nothing
«1

Comments

  • skyrider007
    skyrider007 Posts: 1,108 Forumite
    Maybe this is a credit crunch effect! Who issues Sky card?
  • empfun
    empfun Posts: 608 Forumite
    skyrider007 wrote: »
    Maybe this is a credit crunch effect! Who issues Sky card?

    I'm trying to gauge if it is like how they culled the limits on the Egg card.
    I know nothing
  • cifpower
    cifpower Posts: 6,502 Forumite
    SkyCard is issued by Barclaycard
  • Zebedee69
    Zebedee69 Posts: 1,034 Forumite
    Have you been over limit?... Anything happening with your credit file lately they could have found on a routine check? Missed a payment or two?
  • skyrider007
    skyrider007 Posts: 1,108 Forumite
    Has it been the trend recently for Barclays to reduce credit limit? I don't have their card. Capital One has just upped my limit last month.
  • empfun
    empfun Posts: 608 Forumite
    Zebedee69 wrote: »
    Have you been over limit?... Anything happening with your credit file lately they could have found on a routine check? Missed a payment or two?

    Flawless history with the card. Have always paid balance in full.
    I know nothing
  • cifpower
    cifpower Posts: 6,502 Forumite
    empfun wrote: »
    Flawless history with the card. Have always paid balance in full.

    Thats probably why - you make them no money
  • icefall
    icefall Posts: 1,125 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Yes unfortunately agree with above poster, sounds like not making them money may be the reason.
    I always wanted to be a procrastinator, never got round to it...
  • mr-squad
    mr-squad Posts: 4 Newbie
    Mine was reduced from £1250 to £800 when I asked why they told me-My limit was reduced because I drew out £400 from the cash point over two days. I told them it was because my debit card would not work in the machine, but they said there was nothing they could do.I said fine, but I didnt really need a card company who reduced my limit without notice as I may find my card being rejected because my limit had been reduced, could you please close m account?I had a letter the next day saying it was a mistake and my new limit was £1250 again.
  • empfun
    empfun Posts: 608 Forumite
    cifpower wrote: »
    Thats probably why - you make them no money

    I've been with them a long while now but why now? Credit crunch effect?
    I know nothing
This discussion has been closed.
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