G E Money Bank / Closed acct
I have a Lowes Platinum card issued by GE Money Bank good thru 03/2012. Sometime in the last year they lowered my limit from 3000.00 to 720.00. I have paid this card in full every month, since 2003 when I opened the account. Even though there was no reason for them to lower the limit I did not really care since I never charged more than the limit in one month and I paid it off each month.
Today when I went to buy some groceries at Wal-Mart they told me that the card had been declined. I came right home and accessed my account on line and the screen said that the account was closed. I called the 800 number and the representative told me that they review their accounts every so often and this was a business decision to close my account and that I would be getting a letter in a few days telling me such. I guess GE Money Bank was afraid that I would charge up the whole $720.00 and then not pay it. You are a sad company GE Money Bank...but that is okay Discover card loves me.