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I got a letter in the mail today from Wells Fargo, telling me that I'm being CLD'd to $750 due to non-usage of my account. My last purchase on the card was in early August, and it's been in the sock drawer ever since.
I logged into their website and told them thanks for the generious $750 limit, but our relationship isn't "Going Further" (Cause, "Together we'll go far" ) and they can close the account.
Goodbye, medicore (in every way) Wells Fargo card!
What was your credit limit before the decrease?
wrote:What was your credit limit before the decrease?
$2K
Good riddance.
Given all their recent scandals and their remarkably worthless credit offerings, it amazes me they still have the arrogance to CLD for 6 months of non-usage.
I love every single one of my banks and cards if this happens not a big deal.... I'm not really spending much and I don't believe in spending money just for the sake of a credit line.
I wouldn't mind buying a pack of gum every month to keep my oldest tradeline open.
If you haven't used the card since August, you really don't have grounds to blame the bank. Lots of banks would have just closed it.
It's really not hard to prevent banks from doing this. A single charge every few months is usually enough.
wrote:I got a letter in the mail today from Wells Fargo, telling me that I'm being CLD'd to $750 due to non-usage of my account. My last purchase on the card was in early August, and it's been in the sock drawer ever since.
I logged into their website and told them thanks for the generious $750 limit, but our relationship isn't "Going Further" (Cause, "Together we'll go far" ) and they can close the account.
Goodbye, medicore (in every way) Wells Fargo card!
I'm sorry to hear about the CLD, @DeeBee78.
I'm in a similar situation (I also have a seldom-used WF card) but I got it primarily for overdraft protection for my WF checking account, so my own non-use is somewhat by design.
My last purchase on the card was also back in August, until the first of January when I used it for a small charge (after having to call to have the fraud block removed since it had been so long without being used). I was prompted to make the small purchase after reading another thread on here about a WF card being closed for non-use.
If you don't mind sharing, was this your only account with WF? Specifically, do you have any deposit accounts with them?
wrote:If you haven't used the card since August, you really don't have grounds to blame the bank. Lots of banks would have just closed it.
It's really not hard to prevent banks from doing this. A single charge every few months is usually enough.
Where did I place blame on the bank in my post? I didn’t.
6 months is a little premature, imho, but I have no need for the card, so no love lost.
wrote:
wrote:I got a letter in the mail today from Wells Fargo, telling me that I'm being CLD'd to $750 due to non-usage of my account. My last purchase on the card was in early August, and it's been in the sock drawer ever since.
I logged into their website and told them thanks for the generious $750 limit, but our relationship isn't "Going Further" (Cause, "Together we'll go far" ) and they can close the account.
Goodbye, medicore (in every way) Wells Fargo card!
I'm sorry to hear about the CLD, @DeeBee78.
I'm in a similar situation (I also have a seldom-used WF card) but I got it primarily for overdraft protection for my WF checking account, so my own non-use is somewhat by design.
My last purchase on the card was also back in August, until the first of January when I used it for a small charge (after having to call to have the fraud block removed since it had been so long without being used). I was prompted to make the small purchase after reading another thread on here about a WF card being closed for non-use.
If you don't mind sharing, was this your only account with WF? Specifically, do you have any deposit accounts with them?
Yes, this is my only account with them. They used to be my main bank years ago, but I moved on ate some major customer service issues. I did open a chacking account with them last year for the bonus, but I closed it after the bonus had posted.
I was going to close the card in a few months anyways. I have other cards with better limits to rely on.