Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • starM
    • By starM 9th May 18, 1:47 PM
    • 1,375Posts
    • 181Thanks
    starM
    Halifax credit limit reduction
    • #1
    • 9th May 18, 1:47 PM
    Halifax credit limit reduction 9th May 18 at 1:47 PM
    Hi,

    I have a Halifax credit card with credit limit of 6k. A few days I ago I used my Curve card and paid 980 pounds. This transcarion should have been cleared just yesterday.

    Today my credit limit has been reduced to 1200.

    I am wondering if that has happened because of Curve usage?

    I got a text saying my limit has been reduced and letter on it's way.

    I also have a Halifax/BOS reward account which I use it on regular basis. Their online loan screen shows I have been pre-approved for. Loan up to 44k.

    Apart from Curve I don't see Any other reason .
Page 1
    • zx81
    • By zx81 9th May 18, 1:51 PM
    • 17,793 Posts
    • 18,920 Thanks
    zx81
    • #2
    • 9th May 18, 1:51 PM
    • #2
    • 9th May 18, 1:51 PM
    No, it's unrelated.

    It's part of a regular realignment of limits.
    • starM
    • By starM 9th May 18, 1:54 PM
    • 1,375 Posts
    • 181 Thanks
    starM
    • #3
    • 9th May 18, 1:54 PM
    • #3
    • 9th May 18, 1:54 PM
    Will it have an effect on credit report showing limit was 6k and now it's only 1200?
    • eskbanker
    • By eskbanker 9th May 18, 2:01 PM
    • 7,547 Posts
    • 8,191 Thanks
    eskbanker
    • #4
    • 9th May 18, 2:01 PM
    • #4
    • 9th May 18, 2:01 PM
    Halifax credit limit refuction
    Originally posted by starM
    Are you unwittingly including your reaction to the news here?
    • zx81
    • By zx81 9th May 18, 2:04 PM
    • 17,793 Posts
    • 18,920 Thanks
    zx81
    • #5
    • 9th May 18, 2:04 PM
    • #5
    • 9th May 18, 2:04 PM
    Will it have an effect on credit report showing limit was 6k and now it's only 1200?
    Originally posted by starM
    Yes, your credit files will show your new limit.
    • chattychappy
    • By chattychappy 9th May 18, 10:29 PM
    • 6,840 Posts
    • 3,715 Thanks
    chattychappy
    • #6
    • 9th May 18, 10:29 PM
    • #6
    • 9th May 18, 10:29 PM
    Might be imagining it, but it seems to me a disproportionate of "cc reduced my limit" threads relate to Halifax.

    One time before they did this to a large group of cardholders (including me) and closed the accounts shortly afterwards. Turned out it was all a terrible mistake and they were re-opening accounts on request.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

86Posts Today

2,392Users online

Martin's Twitter