topic Re: CLI DECREASE???? in Credit Cards

CLI DECREASE????

KeithW — Tue, 17 Feb 2015 04:50:15 GMT

I just logged into my Barclay card, which I had gotten when I purchased an iPad 3 years ago, and found that they had lowered my CL from $3000, down to $2600. Never a late payment with them, so I am somewhat surprised. I had carried a $2800 around Christmas, but paid it down to $2000 since then.

Re: CLI DECREASE????

Anonymous — Tue, 17 Feb 2015 04:52:33 GMT

@KeithW wrote:
I had carried a $2800 around Christmas, but paid it down to $2000 since then.

that's why

Re: CLI DECREASE????

Anonymous — Tue, 17 Feb 2015 04:55:49 GMT

@KeithW wrote:
I just logged into my Barclay card, which I had gotten when I purchased an iPad 3 years ago, and found that they had lowered my CL from $3000, down to $2600. Never a late payment with them, so I am somewhat surprised. I had carried a $2800 around Christmas, but paid it down to $2000 since then.

They decreased by $400? How exactly does that help them - Barclays? Sorry about the CLD.

Re: CLI DECREASE????

KeithW — Tue, 17 Feb 2015 04:57:12 GMT

So your saying that they lowered my CL because I paid it down so quickly, or because I used a high utilization?

With the special no interest financing on Apple products, they seem to be encouraging people to put big purchases on the card, and pay them off slowly.

Re: CLI DECREASE????

Lyythine — Tue, 17 Feb 2015 04:58:06 GMT

It sounds like they may be balance chasing OP - is there anything else going on that would scare them? sudden increase in overall util, etc:?

Re: CLI DECREASE????

Anonymous — Tue, 17 Feb 2015 05:06:04 GMT

@KeithW wrote:
So your saying that they lowered my CL because I paid it down so quickly, or because I used a high utilization?

With the special no interest financing on Apple products, they seem to be encouraging people to put big purchases on the card, and pay them off slowly.

you actually barely paid it down, you are too close to the limit on that card. they are just bieng cautious, the same they always have been. utilizing a card's CL by over 50% is usually a bad sign.

i don't intend to sound mean, but you asked the question, and that's the answer.

Re: CLI DECREASE????

fury1995 — Tue, 17 Feb 2015 05:26:38 GMT

The OP didn't barely pay it down... the OP paid nearly 30% of the balance since December (less than two months). Barclay doesn't tend to balance chase like Chase or BOA, Barclay is a jealous animal. More likely the OP has recently obtained other lines and that is catching their attention. Maybe we can get the OP to shed some more light on what else may be happening?

Re: CLI DECREASE????

elim — Tue, 17 Feb 2015 05:30:38 GMT

barclay is known to CLD with high balance.

this is from barclays site...

Re: CLI DECREASE????

KeithW — Tue, 17 Feb 2015 06:17:07 GMT

We recently purchased a new car. Other than that, I can't really see anything that would bother them, other than a few credit pulls from our lending company in preparation of building a house.

Re: CLI DECREASE????

takeshi74 — Tue, 17 Feb 2015 13:56:43 GMT

@KeithW wrote:
Never a late payment with them, so I am somewhat surprised.

It's not just late payments that can lead to adverse action. Any behavior deemed as risky such as high or increasing utilization, looking like you're actively seeking out new credit, etc can as well.

@KeithW wrote:
I had carried a $2800 around Christmas, but paid it down to $2000 since then.

$2,000/$3,000 is still 67% which is high.

@Anonymous wrote:
They decreased by $400? How exactly does that help them - Barclays?

Balance chasing is always done to reduce risk. It's not about the specific amount. It's reduced exposure.

@KeithW wrote:
With the special no interest financing on Apple products, they seem to be encouraging people to put big purchases on the card, and pay them off slowly.

Utilization always matters, regardless of any special financing offers. The offers are made to encourage spend but that doesn't mean that the creditors making the offers are going to ignore the standard risk factors.

@fury1995 wrote:
The OP didn't barely pay it down... the OP paid nearly 30% of the balance since December

"Barely paid it down" wasn't the right choice of words. Payment was significant but utilization started at 93% (maxed) and even with the reduction was still at 67% which was still high. Other actions probably contributed as well.

Re: CLI DECREASE????

kdm31091 — Tue, 17 Feb 2015 14:01:31 GMT

I think the CL decrease (not CLI decrease - your thread title reads "credit line increase decrease") was due to the util, and they feel you haven't sufficiently reduced your util yet.

I know it sucks, but it could be worse. They didn't shut down your card or reduce your limit to 500. Just be mindful of util in the future and you'll be fine with this and other cards. Although credit cards are intended for carrying a balance, and the issuer wants you to so they make money, they still are going to get freaked out by a balance being carried that is right up to the limit.

Re: CLI DECREASE????

KeithW — Tue, 17 Feb 2015 15:04:10 GMT

Well they should be happy now. I just made a payment in full, so now they I have 0% utilization on that card.

Re: CLI DECREASE????

sunkissed — Tue, 17 Feb 2015 15:20:51 GMT

@KeithW wrote:
Well they should be happy now. I just made a payment in full, so now they I have 0% utilization on that card.

Hey Keith. Sorry this happened to you. It's great that you were able to pay this off in full. I'm sure your payment will help your situation. Good luck to you!

Re: CLI DECREASE????

MaisCher — Tue, 17 Feb 2015 17:48:54 GMT

I guess I'm the only one who doesn't think this makes sense. You had a 2,800 balance since Christmas so barely 2 months?

Someone just posted an auto CLI increase from Barclay of double their limit while having held an 80% utilization for several months. I personal paid my Barclay Apple balance down slowly after purchasing my Macbook in August specifically because most people who got auto increases said they carried a balance. I'm not sure I'd say it was utilization just yet. You should check your reports to make sure nothing popped up.

Re: CLI DECREASE????

JSS3 — Tue, 17 Feb 2015 17:54:12 GMT

Highly doubt UTIL was the issue. 2 months of being maxed is nothing...esp if you're paying 400/month. That's what they want to see and encourage. It's the house and other inquiries.

Re: CLI DECREASE????

JSS3 — Tue, 17 Feb 2015 17:56:24 GMT

Oops the new CAR. Sorry on phone.

Re: CLI DECREASE????

racer-x — Tue, 17 Feb 2015 19:34:54 GMT

In dec/jan, Chase and discover cld'd me on 4 accts for $25k when i carried 30% utization bslances for 3 months whereas i previously pif'd 21/24 months on the accts.... I had a few new accts in july and that was it.

I guess pif'ing every month and then carrying 30% balances is a spookable offense.

Re: CLI DECREASE????

racer-x — Tue, 17 Feb 2015 19:36:10 GMT

Op- i pif'd those 4 accts within a coiple weeks of the cld's too. Jokes on them . They get no interest and basically 0 swipe fees now.

Re: CLI DECREASE????

tonyjones — Tue, 17 Feb 2015 19:42:40 GMT

@KeithW wrote:
I just logged into my Barclay card, which I had gotten when I purchased an iPad 3 years ago, and found that they had lowered my CL from $3000, down to $2600. Never a late payment with them, so I am somewhat surprised. I had carried a $2800 around Christmas, but paid it down to $2000 since then.

wow, they did the opposite to me, I had a $2000 balance on a CL of $2500 and after my sixth statement cut they gave me an CLI to $5000................ this absolutely makes no sense, something else must of spooked them.

Re: CLI DECREASE????

Burned2manybridgesB4 — Tue, 17 Feb 2015 21:54:03 GMT

Jumping on the bandwagon here.....

I've been running a (58%util) $7k balance on my ring that hit December, with my overall at 5%, and I've only paid $600 on it so far, with two statements showing a posting balance consecutively, but I'm mindful of what my other cards are reporting as well (keeping reported balances down to four cards or less), so it doesn't look bad to the AR soft pullers. I've checked the AR's, and I've had NO AA so far, so it's most likely a bad combination of multiple reporting balances, HP's, and increase usage.