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Frequent Contributor
n777ua
Posts: 424
Registered: ‎05-29-2011

Quite the Chase Surprise . . CLD

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‎07-23-2012 05:19 AM

Just logged into my account and saw this:

 

Slate CLD from 6k to 2.5k

United CLD from 5k to 2.5k

Sapphire preferred CLD from 15k to 10k.

 

:smileysad: :smileysad: :smileysad:

 

When I figure out whats going on I'll update.

Amex Green NPSL, Amex BCE $19.7k, Amex HH Surpass $11.3k, Amex Business Gold NPSL, Chase United $5k, Chase Sapphire Preffered $21k, Citi Diamond $13.3k, Virgin Atlantic Amex $8k, Discover Motiva $6k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $3.4k, BillMeLater $4k, Target $.2k, CapOne $.5k Von Maur NPSL,
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Established Contributor
SwiftTone
Posts: 984
Registered: ‎02-27-2012

Re: Quite the Chase Surprise . . CLD

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‎07-23-2012 06:21 AM

wow, almost cut you available credit to half.

 

Did you do something recently? Any dramatic differences in your credit profile?

BCE: $0/$8500, CSP: $15/$5000, Chase Priority Club: $0/$3500, Freedom: $0/$5000, Barclays NFL: $0/$7000 Discover: $0/$4750, Citi Dividend: $0/$2000 Cap1 x2 $0/$2250

EQ FICO - 07/2012: 699, 08/2012: 714, 10/2012: 729, 11/2012: 686, 12/2012: 723, 01/2013: 737, 03/2013: 725, 04/2013: 734, 05/2013: 736
EX FICO(AMEX) - 10/2012: 712
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Established Contributor
Datx
Posts: 997
Registered: ‎05-20-2010

Re: Quite the Chase Surprise . . CLD

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‎07-23-2012 06:27 AM

Sorry to hear. First Barclays and now Chase CLD. Like SwiftTone asked, any recent baddie recently popped up? Possibly higher util reporting?

TU: 603 – EQ: 569 – EX: N/A – May 2010

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Established Contributor
learnin113
Posts: 541
Registered: ‎12-02-2011

Re: Quite the Chase Surprise . . CLD

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‎07-23-2012 06:43 AM

Worst feeling in the world.  Hope it can be restored. :smileysad:

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Valued Contributor
RockinRay
Posts: 1,761
Registered: ‎08-13-2007

Re: Quite the Chase Surprise . . CLD

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‎07-23-2012 07:04 AM

That is a real drag - sorry it happened!

 

Something must have changed or popped up on your reports. I would look in to this as soon as you can!

 

To cut you in half is not good! Please let us know what you learn.

Ray

** Every Card has a Job, and Every Card does its Job **

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Frequent Contributor
n777ua
Posts: 424
Registered: ‎05-29-2011

Re: Quite the Chase Surprise . . CLD

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‎07-23-2012 07:05 AM

The rep just told me to wait for a letter - same thing Barclay's told me and a letter never came.  I"m pretty busy at work now I'll try a back door # later.  The only thing I did that I can think of that would be out of the ordinary was make a $10k charge on my Sapphire for the points; which I paid in full when the statement cut.  Looks like balance chasing on the slate, they cut my CL to w/in 400 of my balance.  And Chase used to be so nice.

 

Also pulled all 3 CR's this AM, no dramatic changes.

Amex Green NPSL, Amex BCE $19.7k, Amex HH Surpass $11.3k, Amex Business Gold NPSL, Chase United $5k, Chase Sapphire Preffered $21k, Citi Diamond $13.3k, Virgin Atlantic Amex $8k, Discover Motiva $6k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $3.4k, BillMeLater $4k, Target $.2k, CapOne $.5k Von Maur NPSL,
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Established Contributor
bribro
Posts: 876
Registered: ‎04-20-2012

Re: Quite the Chase Surprise . . CLD

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‎07-23-2012 08:19 AM

Lame. Please posted on the contents of the letter.

Credit Karma Score: 803 (4/26/13)
Credit Sesame Score: 792 (4/26/13)

J.P. Morgan Palladium ($100k x3) | Citi Dividend World Elite MC w/EMV ($20k) | Chase Sapphire Preferred Visa Signature ($25k) | Chase Ink Bold World Elite MC ($25k Flex) | Chase Freedom Visa Signature ($25k) | Chase Freedom World MC ($25k) | Chase MileagePlus Explorer Visa Signature ($15k) | AmEx Blue Sky ($22.5k) | Lexus Financial Services ($30k) | Capital One Store Credit ($6k) | GE Money Store Credit ($3k) | WFNNB Store Credit ($2k) | Macy's Store Credit ($2k)
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Established Contributor
lithium78
Posts: 750
Registered: ‎07-30-2011

Re: Quite the Chase Surprise . . CLD

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‎07-23-2012 08:40 AM

This kind of stuff is why I don't do business with Chase.

Starting Score: TU: 566
Current Score: TU: 729 (Walmart FICO); EQ: 754 (MyFico) EX: 776 (FAKO)
Goal Score: 800
Take the FICO Fitness Challenge
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Frequent Contributor
codimom
Posts: 270
Registered: ‎09-08-2010

Re: Quite the Chase Surprise . . CLD

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‎07-23-2012 08:49 AM

When chase cut my CL from 3600 to 1800, the letter was quite interesting.  I had just paid a  balance off, and the letter basically said oh we cut your CL because its apparent you didn't need that much.  (I have a Slate).  This was a transferred Wachovia account...


Back in the garden!
App free since 23Oct2012



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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012

Re: Quite the Chase Surprise . . CLD

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‎07-23-2012 08:59 AM

lithium78 wrote:

This kind of stuff is why I don't do business with Chase.


If CLD's were a reason to not bank with a particular institution, none of us would bank with any.

There are well-documented cases of Discover, BoA, Chase, etc, etc, etc...

 

It happens everywhere.

 

Quite frankly, if Chase did it to me, I'd just shrug it off and use another card in heavy rotation (BCE, Discover, BoA). I have options, but to say that I wouldn't bank with someone because of CLD's, well, that means not taking a chance on any of the institutions out there.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

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