Reply
Epic Contributor
Posts: 23,791
Registered: ‎10-23-2007
0

Home Depot CLD for non use!

Was $14,900, they lowered to $5001.00.

I called back door and confirmed it was because no use for 1 year they automatically lower, so I said reinstate like GE does and she said we don't just put it back but we can submit a CLI request... I was like no that is a hard pull, that was the only option according to her.

 

Anyone have different experience?

Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
72 Cards and Counting :smileytongue:
Senior Contributor
Posts: 3,634
Registered: ‎01-10-2008
0

Re: Home Depot CLD for non use!

ah c'mon CA you know better use or lose

 

unless just wanna take your chances.  

 

dnt have HD, who underwrites?

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Epic Contributor
Posts: 23,791
Registered: ‎10-23-2007
0

Re: Home Depot CLD for non use!


score_building wrote:

ah c'mon CA you know better use or lose

 

unless just wanna take your chances.  

 

dnt have HD, who underwrites?


CITI

 

Well the thing is in the past if it didn't get used for a while they would send a 10% coupon and 12 month interest free and say you have until such date to use your card or it may be closed... this time nothing... I rather they had closed it out with the $14,900 CL instead of the now $5k that it will close out with. sigh

Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
72 Cards and Counting :smileytongue:
Senior Contributor
Posts: 3,634
Registered: ‎01-10-2008
0

Re: Home Depot CLD for non use!


Creditaddict wrote:

score_building wrote:

ah c'mon CA you know better use or lose

 

unless just wanna take your chances.  

 

dnt have HD, who underwrites?


CITI

 

Well the thing is in the past if it didn't get used for a while they would send a 10% coupon and 12 month interest free and say you have until such date to use your card or it may be closed... this time nothing... I rather they had closed it out with the $14,900 CL instead of the now $5k that it will close out with. sigh


gotcha, that is a bummer, perhaps if you use it a bit and call back again to request restoral...

 

 

 

 

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Moderator Emeritus
Posts: 5,267
Registered: ‎03-18-2008
0

Re: Home Depot CLD for non use!


Creditaddict wrote:

Was $14,900, they lowered to $5001.00.

I called back door and confirmed it was because no use for 1 year they automatically lower, so I said reinstate like GE does and she said we don't just put it back but we can submit a CLI request... I was like no that is a hard pull, that was the only option according to her.

 

Anyone have different experience?


Sadly, no, I had an identical experience.

 

$15,000 --> $5001.  Called to request that the original CL be restored, which they did after a hard pull (I didn't realize at the time that it would be hard).  Then I stupidly didn't use the card immediately after the CLI, and within a couple months they cut it again to $2501.

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Home Depot CLD for non use!

[ Edited ]

Creditaddict....the same just happened to me too. I got the card in February with an initial CL of $500. I called after opening and asked for a CLI to $3000 and was approved. I used pretty much all of it on a new washer and dryer and mini-fridge for the new casa and paid it slowly due to the 0% APR.

 

Well, the statement just cut this week and Pageonce alerted me this morning to a CLD on that card from $3000 to $2700 and the new CL is within $100 of the balance ($2600something). I also noticed that the CLI request link disappeared too.

 

Sigh.

 

 

ETA...just saw Lel's post...glad I didn't PIF :smileyhappy:

Community Leader
Established Contributor
Posts: 882
Registered: ‎08-30-2007
0

Re: Home Depot CLD for non use!

Love my Lowe's card, 10k and holding :-)

Starting Score: 500's
Current Score: 761 EQ(DCU), 758 TU(Barclay), 788 EX(Credit.com)
Goal Score:760 X 3


Take the myFICO Fitness Challenge

Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Home Depot CLD for non use!

Whoops, time to go buy some petunias, I guess.

 

And the turkeys did do a hard for a CLI.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Epic Contributor
Posts: 23,791
Registered: ‎10-23-2007
0

Re: Home Depot CLD for non use!

The funny thing is I also have a Business HD card and it was opened with 5k credit line, I never really used it all that much and then went like a year and got a letter that I had until the following month to use it or they would close it... I went in and bought a 12 pack of bounty, the next month when the statement came they had raised the limit to $7500!

 

That has also been my experience up until about 2008 with the personal home depot... everytime I used it after a little bit of non use they would increase it! started at $6500 I think it was, up to $9600, up to 12,100, then finally the 14,900 that it has sat at until this CLD.  those increases are as close as I can remember, there may have even just been 2 increases.. it was a fast grower like Macy's

Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
72 Cards and Counting :smileytongue:
Valued Contributor
Posts: 1,355
Registered: ‎02-07-2010
0

Re: Home Depot CLD for non use!

HA! i was getting finance offers from them all the time. i had 12100CL. but i closed it a month or two ago. i wont ever shop at HD again. LOWES and ACE will get my home improvement business. the employees at lowes where i live are happy and treated nicely, and they are nicer as a result. i feel more at peace when i shop there.

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.