topic Re: FNBO business cards data points in Business Credit

Does FNBO CLD tear apply to business cards

SouthJamaica — Mon, 24 Oct 2022 15:07:45 GMT

FNBO has been on a rampage of credit limit decreases, so much so that the many threads on the subject were consolidated into a "Master Thread".

What I'm wondering about is whether anyone has experienced similar activity in business accounts?

Re: Does FNBO CLD tear apply to business cards

cashorcharge — Mon, 24 Oct 2022 22:28:51 GMT

Good question...I haven't seen it come up yet. Let's hope not..

FNBO business cards data points

AceTen — Sun, 30 Oct 2022 20:26:54 GMT

I have not gotten the chop, yet. My FNBO evergreeen business card is about to turn 1 year old so I paid off the balance a few days ago because the 0% APR was ending. I have been away from the sub for months to avoid new credit card temptations so I had no idea about the CLDs until I read this post and the mega thread yesterday. Yikes! I was like oh the horror! I'm glad I paid it off and I only have the business card with FNBO.

Info for SouthJamaica: I had between 2-5k at 0% on the card all year and the limit was 13.5K. I made big payments from $500-$3000 during the year so it was not one old balance the whole time, if you know what I am trying to say. Also I have never done a BT,. This last 5k I just paid off was only charged in September. The only inqs or new credit I would have had after getting the Evergreen would have been chase ink about 6 months ago. I think Chase double pulled me as per usual. BUT if FNBO pulls transunion I would have shown 0 inqs since the opening. I do AZEO on the personal side and carry no personal debt. On the business side I am also carrying a high balance on the ink with the 0%, like 80% of card. My 3rd (USBANK Triple cash) bus card would show as 0 balance.

Re: FNBO business cards data points

Lou-natic — Mon, 31 Oct 2022 00:32:39 GMT

Honestly I wouldn't worry. The vast majority of people that had CLDs were either carrying balances or had done balance transfers from everything I gathered. There might have been a few that got caught up in it that hadn't done those two things but they were the outliers for sure. I haven't heard of anybodies business lines being cut so far.

Re: FNBO business cards data points

SouthJamaica — Mon, 31 Oct 2022 02:58:51 GMT

@Lou-natic wrote:
Honestly I wouldn't worry. The vast majority of people that had CLDs were either carrying balances or had done balance transfers from everything I gathered. There might have been a few that got caught up in it that hadn't done those two things but they were the outliers for sure. I haven't heard of anybodies business lines being cut so far.

I was carrying a balance for much of the 0% interest promo period.

Re: FNBO business cards data points

cashorcharge — Mon, 31 Oct 2022 22:17:54 GMT

@SouthJamaica wrote:
@Lou-natic wrote:
Honestly I wouldn't worry. The vast majority of people that had CLDs were either carrying balances or had done balance transfers from everything I gathered. There might have been a few that got caught up in it that hadn't done those two things but they were the outliers for sure. I haven't heard of anybodies business lines being cut so far.

I was carrying a balance for much of the 0% interest promo period.

Right! Put that carrot out there and offer 0% for a determined time...doesn't that encourage people to use it? If you didn't want to take on your clients debt from other banks, don't offer 0% interest BT to new clients. Time will tell...