topic Re: CHASE CLD in Credit Cards

CHASE CLD

Creditaddict — Mon, 03 Aug 2009 21:27:01 GMT

Chase Southwest Card CLD $400 last week!!

Does not matter, it's a signature card, so the highest balance is still going to be reported as my CL and I don't use the account anymore because it's in my debt snowball... but I'm sure this means they are watching it now and will just keep lowering it as I pay it. blah

Re: CHASE CLD

Anonymous — Mon, 03 Aug 2009 22:20:19 GMT

Sorry to hear that! I fly Southwest approx. 15 to 20 roundtrips per year and thought about applying for the rewards. I am gald I didn't!

Re: CHASE CLD

Creditaddict — Mon, 03 Aug 2009 22:41:47 GMT

It would be worth it for you and I'm sure if you didn't revolve a 13k balance like I am they wouldn't cld. lol

I didn't say I didn't deserve the cld, but I'm working on it as fast as I can.

Re: CHASE CLD

Anonymous — Mon, 03 Aug 2009 23:03:16 GMT

I appreciate your comments, but frankly, I will not invite Chase into my finances again. I will just reward another bank.

Funny thing, I just flew out this morning and now I'm in CA.:smileyvery-happy:

Re: CHASE CLD

Creditaddict — Mon, 03 Aug 2009 23:06:14 GMT

actually when it comes to traveling that much, I like my Amex Charge, they don't need hand holding every time I cross state lines unlike EVERY other bank I carry especially Chase if your charging a lot while out of town.

Re: CHASE CLD

Anonymous — Mon, 03 Aug 2009 23:11:36 GMT

Thanks for the recommendation, but I am banking with NFCU now as much as possible. They have been just a pleasure to work with.

Re: CHASE CLD

Creditaddict — Mon, 03 Aug 2009 23:13:10 GMT

well that would work to from what I hear, I just don't qualify for membership

Re: CHASE CLD

Anonymous — Mon, 03 Aug 2009 23:21:08 GMT

Sorry you do not qualify! However, just about any CU will be better than a bank for sometime to come.

Message Edited by plasticman on 08-03-2009 04:21 PM

Re: CHASE CLD

Anonymous — Mon, 03 Aug 2009 23:26:59 GMT

How long have you had the card and were there any major changes to your report? I'm curious only because I just got the card maybe 45 days ago and have never used it. I'm contemplating a BT and don't want to risk a CLD or rate adjustment.

Re: CHASE CLD

Creditaddict — Mon, 03 Aug 2009 23:33:24 GMT

we have had the card for maybe 8 years, product changed it a couple times to get to the Southwest Card.

the funny thing is it had not been used for years because we used it for BT just about maxed it and had been steadily paying it down over 2 years or so and when it got down to probably 30% util they actually increased the CL (which is within a year of now) then we paid it off then started using the card again and just recently (within last 6 months) got it back up towards the limit and the CLD came.

maybe because it was charges vs BT this time to get it up to limit, not sure... I mean big balances with anyone seems to be a trigger these days, so hard to tell... I'm just glad so far it's just been CLD, we have lost a lot of cards in the last year to CLD or closure so I just kind of chalk it up and add it to the list!

Re: CHASE CLD

Anonymous — Mon, 03 Aug 2009 23:38:38 GMT

It is unfortunate when anyone is affected by adverse changes to their accounts. If your limit was substantial, I guess a positive would be the decrease was only $400. If not so high, then I empathize. Do you mind if I ask what part of the country you're in?

Re: CHASE CLD

Anonymous — Mon, 03 Aug 2009 23:45:47 GMT

@Creditaddict wrote:
actually when it comes to traveling that much, I like my Amex Charge, they don't need hand holding every time I cross state lines unlike EVERY other bank I carry especially Chase if your charging a lot while out of town.

I have had other issues with PenFed, but when I received my new card, less than 1 month later I traveled by car from Texas through Louisiana, Missisipi, Georgia, and Florida then back again, all in the course of 4 days. Made purchases all the way along.

I never had a hitch on any expense for fuel, food, pharmacy, misc purchases the entire time. I kept expecting the fraud alert. I have never had a cutoff of credit for fraud and never had them call me for any purchases, and I have had online purchases, phone purchases, travel purchases and large ticket item purchases. They didn't blink....so that was good for my convenience (though maybe bad had my card been stolen )

Message Edited by txjohn on 08-03-2009 04:45 PM

Re: CHASE CLD

Creditaddict — Mon, 03 Aug 2009 23:54:02 GMT

well they could only come down $400 because of the current balance!

and we live in KY

Re: CHASE CLD

Anonymous — Tue, 04 Aug 2009 13:02:30 GMT

From what I understand, issuers are basically engaging profiling. They conduct risk assessments and depending on geographical location, they may cut or close lines to further mitigate risk. States and localities prone to economic downturn are targeted. It's the same as issuers monitoring the purchases for questionable activity (utilities, liquor, food) as signs of possible financial hardship.

Re: CHASE CLD

Anonymous — Tue, 04 Aug 2009 21:55:01 GMT

MrShush wrote:
It's the same as issuers monitoring the purchases for questionable activity (utilities, liquor, food) as signs of possible financial hardship.

Actually, my DW's Chase card rewards her for using the card for utilities and food. They are the ones that set her up to pay her bills with the card, and she gets rewards points for the grocery store purchases.

Re: CHASE CLD

Anonymous — Wed, 05 Aug 2009 14:32:30 GMT

I just noticed that Chase CLD my formerly WAMU account from $1750 to $900. At least they didn't drop me all together.. yet. My Chase Freedom has been left alone at this point. I carry no signifcant balance on either card. Ive been using my WAMU card for my recurring XM sub. That's it. $16/month hten PIF. I use my Freedom regulary but always PIF.

Ironically , I logged into my Citi account and had a $750 CLI waiting for me to accept. Go figure ...

Message Edited by SteveO on 08-05-2009 07:32 AM