I really hate credit cards. I have been paying this card off monthly even though I charge large amounts onto it for the rewards. There was a $4000 limit and I charged the remaining amount of my trip as well as some other large bills before we left in June. There was about $3500 charged on the card then. I paid it off right before we left on May 30 and we get back from our trip to find out that they've decreased our credit limit to $600!!! I was furious. I'm fed up with them and I will not use this card again. The rewards are not worth it.
We paid off our Disney Visa and ordered new computers. They lowered our credit limit from $5,000 to $1,700 and socked me with a $29 overlimit fee. Everything happened on the 16th - lowered limit, overlimit fee, and computer purchase went through. Paid off the dumb card and took me three calls to get them to credit the $29 back to the account. What a headache!
You can add me to the list of disgusted with them, as well.
I made a few thousand dollar payment to them, to get the balance lower to charge my upcoming September Disney trip. I have intentionally not paid it off, because Ive been reading all the BBoard's horror stories, of what has happened (THIS!) I figured I'd weather out the storm, and still have a decent limit when everything is 'back to normal".
A few days after I made that payment I got a letter (dated the day after the payment went through) that lowered my limit. Lowered my limit to an amount that barely could squeak by a Disney Trip on it. I was fuming mad. Fuming.
Called them and it was useless. Because I've done help-desk/tech support before, I try my bestest not to be nasty to the one on the other end. She was incredibly nice and was honest with me "I have no idea why it was lowered, and I'm getting several of these calls a day"
Absurd.
You all may want to feel honored...
I am trying to get out of debt but still have quite a bit of a balance on my cards, and they keep raising the limits for me. I think it will be a badge of honor to have them lowered!
I don't consider myself honored to have a CC that was paid, on time, more than the minimum payment, used every single year for several years for two Disney trips (airfare, room, souvenirs, food, everything!!!) per year - an HONOR to have them kick you in the *** , lowering your limit, after being a "loyal" user.
ESPECIALLY after sending them a few grand, to get it all prepped for a new trip. I see it as a big ...... up yours.
I had that card for trips, as most of us did. WTH are they thinking???