Senior Contributor
MattH
Posts: 3,245
Registered: ‎04-03-2008
Re: Bank of America $23,500 CLD

cobaltnv wrote:
Sorry to bring this post back up to the top, but I figured this was as good a place as any to update things. I logged into my AMEX account this morning and saw they have followed suit from BofA as they lowered my CLI from $15k to $13k. Seems like the feds with the results of these "stress tests" are pushing the banks to lower their credit risk.

Well, if any of them lowers my limit because of these "stress tests" I'm gonna stress them right back by sockdrawering that card and feeding it just a few transactions each month, right now they need customers like me a heck of a lot more than I need any of them.  Whenever the economy does turn around, lots of people are gonna remember how they are being treated today.  Many companies today seem to have forgotten a fundamental axiom: in a democracy, making yourself despised by lots of people is not a long-term survival strategy.

 

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