Barclays dropped my limit

[Anonymous]

I got my Barclays card some time ago and they started me out with a limit of 1,000. Then maybe two months later they dropped it from 1,000 to 800.  Needless to say I called adn they told me that due to them pulling my credit they decided to dropped the limit. I asked them if they would move it back up if my credit improves...they said they will look at it from time to time. It just seems that they dropped it pretty easy..but won't raise it with ease. My question is, what would the likely hood of them closing my account if they don't see my credit at a certain level? Do other credit companies do this as well? I have Chase IGH, Citi, Discover Capital One..which are my biggies..I hope that they don't do the same thing.

[Anonymous]

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@Anonymous wrote:

I got my Barclays card some time ago and they started me out with a limit of 1,000. Then maybe two months later they dropped it from 1,000 to 800.  Needless to say I called adn they told me that due to them pulling my credit they decided to dropped the limit. I asked them if they would move it back up if my credit improves...they said they will look at it from time to time. It just seems that they dropped it pretty easy..but won't raise it with ease. My question is, what would the likely hood of them closing my account if they don't see my credit at a certain level? Do other credit companies do this as well? I have Chase IGH, Citi, Discover Capital One..which are my biggies..I hope that they don't do the same thing.

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Did you participate in a rapid expansion of your credit profile?

[NRB525]

This is why I will probably never apply for any Barclays card ever again. Too jumpy. I've dealt with CLD in my past, it's not the end of the world, but it is in my past

I would not worry about them closing your account, just, in my opinion, be aware that Barclays is not a sharing bank: They don't seem to want to share their customers with any other CCC. Enjoy the $800, and try not to p!$$ them off

Good luck!

[Anonymous]

Due to them pulling my credit they decided to drop the limit - What specific issue(s) on your report led to the decrease?

[FinStar]

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@Anonymous wrote:

I got my Barclays card some time ago and they started me out with a limit of 1,000. Then maybe two months later they dropped it from 1,000 to 800.  Needless to say I called adn they told me that due to them pulling my credit they decided to dropped the limit. I asked them if they would move it back up if my credit improves...they said they will look at it from time to time. It just seems that they dropped it pretty easy..but won't raise it with ease. My question is, what would the likely hood of them closing my account if they don't see my credit at a certain level? Do other credit companies do this as well? I have Chase IGH, Citi, Discover Capital One..which are my biggies..I hope that they don't do the same thing.

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It's called adverse action.  Are you carrying a significant amount of balances?  Has your score dramatically changed since you last used the card?  Period reviews give lenders some insight on your credit picture.  If something looks risky, especially with Barclays, they'll take action (either CLD or closure).  Be sure your credit pictue is not deteriorating to avoid further action. 

[Shogun]

It should grow.  You have other cards with nice limits.  And don't forget to tap the luv button on that Discover card.  They've been crazy generous lately.

[Anonymous]

They didn't give me any real reason such as inquires or non-paid accounts....very strange. But, when I notice my score going up...my limit stayed the same..even when it went up more than what it was when I initally got the card...strange

[Anonymous]

I wasn't familiar with that? 

[Shogun]

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@Anonymous wrote:

I wasn't familiar with that? 

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I've been hitting the luv button for Discover every 2 weeks for a $1k increase.

[Anonymous]

Should I be worried? I recently got 2k discover CLI, 4k boa CLI and a new citi credit card. Ughhh