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Established Contributor
n777ua
Posts: 573
Registered: ‎05-29-2011
0

Quite the Chase Surprise . . CLD

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 Simply Cash Business $3k, Chase Ink Bold $15k (flex)Chase Sapphire Preffered $26k, Citi Diamond $13.3k, Citi TY Preferred $10.5k, Virgin Atlantic Amex $8k, Discover Motiva $10k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $4k, GE Lowes $6k, BillMeLater $5.3k, Target $.2k, CapOne $2k Von Maur NPSL,
Established Contributor
SwiftTone
Posts: 1,024
Registered: ‎02-27-2012
0

Re: Quite the Chase Surprise . . CLD

wow, almost cut you available credit to half.

 

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

BCE: $0/$11,200, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$5000, Barclays NFL: $0/$7000 Discover: $0/$10,000, Citi Dividend: $0/$3500

EQ FICO - 742
TU FICO - 734
EX FICO(AMEX) - 712
Valued Contributor
Datx
Posts: 1,051
Registered: ‎05-20-2010
0

Re: Quite the Chase Surprise . . CLD

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

Established Contributor
learnin113
Posts: 541
Registered: ‎12-02-2011
0

Re: Quite the Chase Surprise . . CLD

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

Valued Contributor
RockinRay
Posts: 1,944
Registered: ‎08-13-2007
0

Re: Quite the Chase Surprise . . CLD

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 **

Established Contributor
n777ua
Posts: 573
Registered: ‎05-29-2011
0

Re: Quite the Chase Surprise . . CLD

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 Simply Cash Business $3k, Chase Ink Bold $15k (flex)Chase Sapphire Preffered $26k, Citi Diamond $13.3k, Citi TY Preferred $10.5k, Virgin Atlantic Amex $8k, Discover Motiva $10k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $4k, GE Lowes $6k, BillMeLater $5.3k, Target $.2k, CapOne $2k Von Maur NPSL,
Valued Contributor
bribro
Posts: 1,367
Registered: ‎04-20-2012
0

Re: Quite the Chase Surprise . . CLD

Lame. Please posted on the contents of the letter.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Established Contributor
lithium78
Posts: 929
Registered: ‎07-30-2011
0

Re: Quite the Chase Surprise . . CLD

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


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

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Frequent Contributor
codimom
Posts: 386
Registered: ‎09-08-2010
0

Re: Quite the Chase Surprise . . CLD

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...


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App free since 23Oct2012 reset to 27Aug13 and reset again 4nov13


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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Quite the Chase Surprise . . CLD


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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