Salute Visa Gold / Surprised Cancellation
I just received a letter in the mail from Salute Visa - Notice of Termination of Card Program; stating that they "regretfully inform me that we are discontinuing Salute Vas Gold program. Consequently, we have closed your account to new transactions and may refuse to authorize any new transacctions effective immediately."
I had never been late with a payment, because I was enrolled in the auto pay and always paid more than the minimum. My prompt payments were rewarded with credit increases every 3 months. This was a good program that worked for me.
The letter states that I am obligated to pay the minimum required payment and be accessed an account fee or pay it in full.
No reason was given for this letter. I tried to call and was prompted with a busy signal. The credit card number would prompt me with my account info and then say I do not qualify and hang up. This is suspicious.
Does anyone know what is going on? What do you plan to do?