I had a credit line of $1200. Without prior notification, my account was reducted to $950. The money i owe on my account is $885. NOw my account is to it's limit. Their excuse was: we reviewed your account and decided that you didn't need the entire credit line of $1200. EXCUSE ME!! I called today, 12/20/08 and they said they were in the process of sending letters to their customers to explain this.
I used the card, paid on time and most often ahead of time, and this is what i get????
I could have made one purchase and would have been over my limit. I asked what can be done, they told me nothing. I complained that this is unfair and told them i am taking my business elsewhere. The representative offered to give me the payoff balance in effort to be sly.
I have been with this company for years, and for them to do this without notice is totally ridiculous. I have complained to the company and to every complaint site possible. I transferred my balance to another company. They will not get one more penny from me. (that is, if they don't find a way to get more money from me)