Cabela's Lowering Limit(s)

[Anonymous]

Mine was decreased from $700 to $500 a few days ago as well. No change on my credit reports.  So I'm transferring the $300 I had with them to another card. I'll just SD the Cabelas Visa.  

[Anonymous]

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@Espresso wrote:

I pay for my monthly EQ Fico here at MyFico. I am sitting at 642 with 30K+ in cards, < 20% util. 

I got a $1500 Cabelas's WF Visa 4 months ago and have run 3-4K through it PIF.

Today I got a notice my limit was reduced to $500 becaue my EQ has dropped to 600 (?!).

I call in and they say yeah, we reduced it. Get it back up to 640 and we may raise it.

1. My EQ has not dropped.

2. Anyone else getting reductions from Cabela's WF?

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This is interesting. I was approved a couple weeks ago for $1500 and my score dropped to 640 due to all the new inquiries. When Cabelas reported to the CB's a week later my score was 660 and they reported a limit of $1000. I was very disappointed but what can I do. I am just happy to be headed in the right direction. 

[RonM21]

Heading in the right direction is good. Don't let any little hiccups that get in your way.stop that progress!

[missy42]

My limit was dropped as well, nothing major happened score remains the same which is 639 EQ due to inquires for new 2013 Cadillac SRX I purchased in April.  I just think they must have a lot of charge offs so to the SD they go as I don't use them that much anyway.  Glad I was not planning on using that credit line, which went from $3000 to $2100.  Just PIF no more charging from Cabelas.

[CreditMagic7]

Call it superstition on my part or just some gut feeling but something about this card group never seemed to get off the ground or fit right for me. I was approved for a $3K limit but after 6 months and with publicity swirling around about a Cabela's takeover i went proactive and closed it out no worse for wear.

Glad i followed my instincts on this one too.

[Anonymous]

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@CreditMagic7 wrote:

Call it superstition on my part or just some gut feeling but something about this card group never seemed to get off the ground or fit right for me. I was approved for a $3K limit but after 6 months and with publicity swirling around about a Cabela's takeover i went proactive and closed it out no worse for wear.

Glad i followed my instincts on this one too.

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You and me both, CM7. We both closed our Cabela's cards a few months ago and your action was the catalyst for helping me to realize that I did not need this card. Mine was 4k and not a card that added anything to my profile. Thank you!

[DrZoidberg]

Not me. Still showing $22k from 3 months ago when I purchased my rifle.

[Royalbacon]

Mines still at $1000 and I got a balance of about $160 on mine currently.

[CreditMagic7]

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@DrZoidberg wrote:

Not me. Still showing $22k from 3 months ago when I purchased my rifle.

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More power to ya DrZoidberg

Sporting a respectable enough profile as yours they better had offered you something more than their usual cookie crumbs

[Creditplz]

I've had my cabelas 4 months and still have a 4.5k limit.. Score dropped 20 pts one month then raised 27 the next , but their customer service is tough.. They once denied me for the card because they thought I was not me :/