Goodbye Disney Visa

Discussion in 'Budget Board' started by rluey29, Jun 22, 2009.

  1. rluey29

    rluey29 Wish I was in Disney, Hooray, Hooray!!!

    Oct 2, 2005
    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.
  2. SandrA9810

    SandrA9810 DIS Veteran

    Jul 24, 2005
    How do they expect you to charge a disney vacation with 600$??

    The whole thing with CC like that, is they give you high limits to get you to charge more. Our Home depot and Goodyear card have high limits because home improvements and car repairs can get very costly, but our other limits are as low as 300$.

    We should all say good ridance to CC... if only it was that easy. I know some people are really good with dealing with cash, i'm better at seeing the numbers on paper on my bank account.
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  4. BigMama

    BigMama DIS Veteran

    Nov 11, 2006
    did you call and get an explanation for this ?
  5. bigdisneygroup

    bigdisneygroup Mouseketeer

    Dec 6, 2007
    I would call and see what they say. We just opened a disney visa and I was shocked that they started us with a limit of $12,000!!!
  6. Aristomommy

    Aristomommy <font color=deeppink>We were in the “wild animals”

    Aug 11, 2001
    It seems that Disney Visa gets nervous when you charge close to the limit even if you pay it off right away. Many banks are lowering credit limits across the board and a quick change in spending habits will trigger an automatic reduction of available credit.
  7. FarmDisney

    FarmDisney Mouseketeer

    Mar 11, 2009
    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!
  8. Lexxiefern

    Lexxiefern DIS Veteran

    Mar 6, 2003
    That is terrible!! I can't believe they can do that if you always pay on time. I better keep an eye on my bill.
  9. DISdreamin'

    DISdreamin' DIS Veteran

    Apr 6, 2009
    I've been hearing lots of stories about this - haven't seen it yet personally, but I'm definitely watching for it! I just can't believe they lowered your limit on the very day your big purchases went through...that is just infuriating!! Good riddance to that card. I am considering chopping ours up too. I just find we spend more when we use it...this is the first month we have gone over to cash only (with a couple small exceptions) and we have spent lots less!

    Good luck, and glad to hear that you got the overage fee back at least!
  10. DonnaBelle06

    DonnaBelle06 Headed back to WDW Aug 2009!!!!!!

    Jan 18, 2006
    I have known several of my friends/coworkers that had their CC's limits lowered (one is my BF Jen).

    It was explained to her that because of all the "risks" with banking right now - and less people charging - that was one reason. Another was that those that pay off CC's "early" are not helping out (so to speak) for those that pay the interest. I guess a lot of these CC companies WANT the interest...

    Sorry it happened to you all!
  11. Piecey

    Piecey <font color=darkorchid>I find myself fighting with

    Feb 16, 2005
    My goodness that is a heck of a change!

    I'd call. (And I'm now running over to to check both my and DH's limits!)
  12. wall*e2008

    wall*e2008 DIS Veteran

    Jul 18, 2008

    When I was in collect back in the stone ages I had a Visa with a $500 limit.

    A $300 CC would be all but useless. A trip to the grocery store and it is maxed out.
  13. secretpantssam

    secretpantssam DIS Veteran

    Jul 15, 2008
    That stinks. I'm going to keep an eye on my account to make sure they don't lower my limit to something ridiculously low before I charge my trip.

    LISAVWL DIS Veteran

    Jun 1, 2006
    We were pretty close to our credit limit but wanted to charge the deposit for our DVC add-on for the no interest incentive and to rack up points. We made a payment just over the amount of the DVC deposit -- even called to make sure the payment had been received and on the day DVC charged our account they dropped our credit limit from over $9000 to $5000! HALF! :confused3 We have never had a late payment, over credit limit fee or anything of the sort! DH was furious and spent over an hour arguing with them on the phone. They would not budge. We went back and forth about just paying out of our checking account or charging for the incentives and stupidly went for the incentives. Well, now they have our deposit $ as a payment but will not reapply our credit limit so we are out that $$$ and had to put more up for the DVC! :headache: Needless to say, we have closed that account.
    I know it's happening all over but what a rotten way to do business with good customers! :mad::mad::mad:
  15. Microcell

    Microcell <font color=red>No, no,no, those red signs with th

    Mar 17, 2004
    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 just found out a card I have a balance of maybe 1000 on has a limit of 17,500 now (just got raised), and trust me, we do not in any way make enough to justify that. I think other posters are correct, and my limits get raised in the hopes I will use them and wind up in debt far more than my DH makes in a year! They want that 18% for the next 30 years and they won't get it from me!
  16. taylor3297

    taylor3297 DIS Veteran

    Mar 31, 2009
    Because of what the banks are doing without warning is why the bill was passed. So next year, I think, cc companies will have to give you a 90 notice before changing terms on the customers. We had one of our card limit to drop from $30,000 to $20,000. This was okay with me because it is a card we don't use often. The only thing is, it changes the debt to credit ratio. So until FICO changes their way of figuring your credit score, this practice will hurt consumers scores.
  17. rluey29

    rluey29 Wish I was in Disney, Hooray, Hooray!!!

    Oct 2, 2005
    The debt to credit ratio is exactly why I was so furious about it.
  18. Disneyliscious

    Disneyliscious DIS Veteran

    Feb 15, 2009
    I have not had a single charge card - of ANY kind - in over 8 years now. If I can't pay cash for it, I don' get it. I a a single mother of 2 boys who was laid off twice last year and gets very little (if any) child support.

    Its HARD not having a credit card sometimes........but it would be even harder to have to deal with what some of you are dealing with.

    I have a house payment, car payment, and electric bill. No charge cards, no cable, no cell phone (my son does but he pays for it), no water bill (had well dug), and $10 a month dial up internet service.

    This is how I take my kids to Disney. Its not easy......but I dont have the headaches I see on the news. YOu give, you take. You get good, you get bad.

    My parents are dealing with some of what you all are too. They closed 2 Chase accounts totaling over $30,000 (had never even been late).

    With all these closings......these CC companies are hurting themselves.
  19. CathrynRose

    CathrynRose <font color=brown>R.I.P. Possibly Un-PC Tag, R.I.P

    Oct 5, 2005
    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" :sad2:


    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???
  20. McKelly

    McKelly DIS Veteran

    Jan 22, 2004
    What relationship does Disney have with Chase, I wonder how they feel about Chase slashing everybody's credit limit, so people are literally unable to use the card for vacations.
  21. Shelly F - Ohio

    Shelly F - Ohio Disney Extraordinaire

    Feb 22, 2004
    What is wrong with this picture.... those of us who have good credit and excellent payment histories are the ones that banks and lenders are targeting. Rather than treating us with respect and good customer service they are treating us like we are dead beats. Yet we faithly pay our bills and support their companies by doing business with them. You would think that those of us that are excellent customers should get some respect. Hello we are the ones helping to keep your company in business so if you want to retain me as a customer don't treat me like ****..

    Yet if we were behind in our mortgage and have not paid our credit card bills well that is another story. The banker would be there to help you out of the mess you have gotten yourself in with the numberous programs out there to help the poor who have no money and bad credit!


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