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One thing we must all realize, banks are not to be trusted. They do whatever they want regardless of one's history with them.
But is sounds like they took a page from Amex around the time of the credit crisis, were they would slash CL just shy of one's balance
@L-TWT wrote:One thing we must all realize, banks are not to be trusted. They do whatever they want regardless of one's history with them.
But is sounds like they took a page from Amex around the time of the credit crisis, were they would slash CL just shy of one's balance
+1 especially true of the big dogs.
the house reported paid off on july 1st we put 50-60k on cards and have been sending 5-8k a month on the cards. We quit using them that way they would pay down and started puting all of our charges on the amex prg card that way it wouldnt affect our utilazation rates. Yes I will still call the Ex office again tomorrow. Guess im just dissapointed and feel let down, I expect this out of amex would have never guessed that with chase, we made it (well thought we did) through the credit crunch unaffected till now..
@swpopham wrote:the house reported paid off on july 1st we put 50-60k on cards and have been sending 5-8k a month on the cards. We quit using them that way they would pay down and started puting all of our charges on the amex prg card that way it wouldnt affect our utilazation rates. Yes I will still call the Ex office again tomorrow. Guess im just dissapointed and feel let down, I expect this out of amex would have never guessed that with chase, we made it (well thought we did) through the credit crunch unaffected till now..
Was this a normal pattern (from a revolving balance perspective) from previous spend on the cards?
it was WAY out of normal, I even called and told them, hey guys were building a new jeep were gonna have a big balance till around Nov. No problem, thanks for letting us know!
that was pretty much how the phone call went,
Interesting. I've long thought that having a record of PIF then suddenly carrying a balance would be a large red flag. I know it would be in my case since I'm retired. However, if you have a private banker that usually indicates significant investment accounts and one would think they would check that before AA. OTOH, in my experience banks have essentially no automatic access to that side of your information.
@cashnocredit wrote:Interesting. I've long thought that having a record of PIF then suddenly carrying a balance would be a large red flag. I know it would be in my case since I'm retired. However, if you have a private banker that usually indicates significant investment accounts and one would think they would check that before AA. OTOH, in my experience banks have essentially no automatic access to that side of your information.
+1
Hopefully, the EO channel may be able to sort it out with intervention from the PRR group. Of course, depending on any diminshed liquidity in your relationship ot CPC portfolio and any recent changes in your spending/revolving balance picture can be explained satisfactorily to restore your original CLs.