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Posts: 1,518
Registered: ‎04-20-2007
Re: Bank of America $23,500 CLD

MattH wrote:

psychic wrote:

cobaltnv wrote:

I logged into my BoA account today and saw that I got the dreaded CLD (first time ever). My limit went from $24500 to $12500. I can see why they did this. I do not use this card for much anymore (it used to be my main card a few years ago).

In 2007, I charged a total of $87.53 on my BoA card.  My 2008 annual spending total was $79.65.  So far this year, I've charged a whopping $10.00 on that card.


Like you, I relied on this card heavily several years ago.  However, my spending habits changed, and along with that, so did my credit card preferences. 


I run substantial amounts of transaction activity through all my cards, then pay in full at the end of the month, a pattern which I hope will encourage them not to cut my limits.




My problem is that I make a lot of charges on my 2 Chase Freedom cards.  Chase's rewards program is so much better than Bank of America's WorldPoints. 


If I didn't have rewards cards, I'd probably do as you do and run substantial amounts of charges through all of my accounts. 

EQ 814 / TU 815 / EX 842