Aquacard credit limit reduced for no good reason

I read this thread yesterday evening and thought oh it's odd they haven't done that to me as well.

They had. When I picked up the phone there had been a text message yesterday morning.

philveller wrote: »

Can anyone else confirm if the facility in the Aqua website to explicitly request a particular credit limit is new or has it been there for a while?

I remember the ability to choose a preference as to how limit changes would be applied but this is an option for an explicit request for a numeric limit that you would like to have, it is under "My Card->Credit Limit Increase" and says "If approved we'll apply your credit limit right away".

I don't know. I'd never seen it until after I read your post, but maybe I wasn't being observant before.

They just emailed me inviting me to take advantage of balance transfer offer for 6 months.

Although I don't want to I'd looked at that yesterday while exploring. If I'd done that up to the full amount offered it would take me about £400 over the newly reduced credit limit.

CRISPIANNE3 wrote: »

What is going on first !!! is ppr'd and now Ben8282 too. How will the credit card and budget boards cope. I'm now in shock. Makes you wander who may be next.

what does "ppr'd" mean ?

I had the same issue with Aqua having used the card and paid in full every month. They reduced it one month by £1000 and then three months later added an extra £2000 onto the credit limit! I assumed they were juggling their balance sheets!

I have just had my limit reduced from £2,100 to £1,600 - I spend £750 to £1,750 monthly on the card (joint expenses for me and my wife, + some work expenses,+ random one-offs sometimes etc...) and always pay off in full. I have also just had a mortgage approved by NatWest that will complete next month - not sure what the cause of the reduction is, but as I haven’t missed a payment in 5 years, I am cynical about them telling me they are worried I can’t afford it!