This practice is called the "universal default" clause and increasingly is becoming a standard clause in credit card agreements.
fender wrote:Cheddar, Im glad to hear that, I heard some of the CCC were being proactive about straightening up.. UD is about the most messed up thing ive ever heard of!
Is it normal that a Credit Card Issuer reduce the credit limit of a NO-FAULTCard member with NO DELIQUENCY at the level of the already used Credit , at the 2/3 of a montly period, EFFECTIVE IMMEDIATELY without immediate notice to the member because his Credit score has become Low after taking a Mortgage? and report him to the 3 bureaus **OVER THE LIMIT CARD CREDIT LIMIT** I was more than $ 4,000 below my Normal Credit Limit, Notice received after the end of the Period. Please, let me have your points of view