Sorry to see so many others screwed over by them. I looked them up on creditkarma and pretty much all their reviews are 1 star negatvies.
@rootpooty wrote:
Op how long did you carry a balance with them?
Balance was kind of an on again, off again thing. Most of the time it hovered around the $1000 mark, getting occasionally paid in full around tax time or when I got a tuition reimbursement. It did go up to $1800 for two months, but then two statements ago it was down to $1400 and then as of this latest statement ion the 5th t was down to $930. I half expected some balance chasing when it went from $1800 to $1400 since that $1800 balance had been stagnant a couple months, but, no balance chasing down to $1500 when the balance reported $1400 last month. The only difference was this last month we didn't use it for a single purchase. Not even one purchase on the last statement.
@mindacid wrote:JenniferinFL,
I'm sorry to hear you got balance chased. That just sucks. I didn't have a good experience with Sears when I had their store card a couple of years ago. They gave me a ridiculous CL of $250. I eventually just closed the account as it was useless.
I know it doesn't help your situation, but it might bring you some satisfaction to know that all the business news say that Sears is circling the financial drain and is likely to go bust in the very near future.
Yeah, there's definitely a reason they're circling the drain.. lol
I'm just glad that I check accounts regularly online. If I was a regular joe who just got my statement in the mail and paid the bill, we would've been screwed over without warning. My parents never check their accounts online, they just get the statement. They have been screwed over so many times by these kinds of tactics.
@CK_Charles_Lover wrote:I have 2 citi accounts that I just got a year ago, Both for the 0% APR for 21 months and for 18 months because I was going to Italy in Dec and knew I would need the time to pay it off. Anyway cut to Jan they cut my citi diamond preferred to 3270 when I owed 3200. I called them said that I was upset, I got this card because of the no interest which I still have 13 months of and that I always charge a lot this time of year on all my cards because of Christmas. But my busy time of work is Feb-June (which is true) and I will pay it all off very soon. They sent me an e-mail that they RESTORED TO ORIGINAL CREDIT LIMIT next day. Then two weeks later same thing! This time on the Dividend World card. Called them again told them I just went through this and next day e-mail again RESTORED TO ORIGINAL CREDIT LIMIT! So I do suggest calling them, they were very nice but I do suggest you have a reason for having a high balance on their cards and others, they asked me both times why I had such high balances on my cards. I got all my paid down now except for promotional no interest cards. Probably at 20% UTIL. Good Luck!
I'll have my husband call tomorrow, he had already left for work when I checked the account. His other accounts had no balances, his total utilization was just on that card and was under 50% of the credit limit. The only other account with a balance was his charge card that gets paid in full every month. I think it was just shifty business practices that include tricking people into going overlimit and then increasing the interest rate. I highly doubt we'll ever put much on that card again, just not trustworthy. A decent lender would've sent notice. Eh, doesn't really matter, payments will start hitting that account pretty quick, it'll be the last time we pay interest on it, that's for sure.
What is the credit limit on the card? When was the last time it reported $0?
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