Will it always feel like two steps forward three back? Aka Kohl's Decrease
I'm too lazy to go back and look at the exact timeline, but about a month ago, I got my Kohls card reopened after having it closed in 2004 ish. Cl was $500. When I called the next day to verify she said I could get $1k instead. I got the card and it said 1k. I figured, great, 10% or less util means I can use $100 or so and pay off slowly over a few months to show responsible util. I'm hoping several months of positve history will get rid of the mistake I made with them when I was having trouble.
I used it once online and once in the store, current balance $125 and I was fine with that since I'm not going for the mortgage until the spring and will have it paid off well before. I logged in today just to make sure I hadn't missed the statement and found that my cl is now $700.
I pull TC daily and unless something happened after noon PST today, there is nothing negative on my report, unless you count this and 1 or 2 other inquries, that wasn't there when I got the card. It's not like I went out and maxed it out, nor did I max any of my other cards out. Granted, they haven't reported, but I have one almost paid off and one paid half off.
I called Kohls and they said they based this on info from the credit bureaus and I'll get a letter soon explaining what hapened. Granted, both the rep and the sup I talked to were very nice and it could be worse, I just have to make sure to keep balance under $70 in the future, but I'm irritated. I've seen other posts about cl's being slashed etc and I don't need this, so I shouldn't be upset. I just hope nothing else like this happens as I continue to pay off the cards.
My Scores: 7/2 TU 548 EQ 533 EXP 588 8/20 TU 644 EXP 679 EQ 673