Bad Bad Citi

[Anonymous]

This Morning i woke up to a email from these jokers about two of my cards getting a credit limit decrease. I have had these 2 cards since 2011 and i have a prestige card, They decreased my double cash from over 10k to 300 bucks and my dividend from 10k to 6700 and they left my prestiage alone. they are talking about i have excessive debit i only have 15k in cc debit and 200k in credit, No missed payments and no lates on any account and my scores are in the 750 range, they wanted a hard pull to look at my credit again i told them no and closed the double cash card! I am so flaming mad! Goes to show no matter how well you treat a bank and no matter how long you have been a customer they do not care!

[ChargedUp]

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@Anonymous wrote:

This Morning i woke up to a email from these jokers about two of my cards getting a credit limit decrease. I have had these 2 cards since 2011 and i have a prestige card, They decreased my double cash from over 10k to 300 bucks and my dividend from 10k to 6700 and they left my prestiage alone. they are talking about i have excessive debit i only have 15k in cc debit and 200k in credit, No missed payments and no lates on any account and my scores are in the 750 range, they wanted a hard pull to look at my credit again i told them no and closed the double cash card! I am so flaming mad! Goes to show no matter how well you treat a bank and no matter how long you have been a customer they do not care!

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Sorry to hear! Is Citi subscribing to the book of Barclays now?  Is that $15K all on one card and making the utilization high for that specific card? That's some absurd AA for the stats you speak of!

[Anonymous]

Their early warning system must have tripped. Perhaps it is time to take a look at what you are doing, just in case.

[jawbrkr]

From 10K to $300? What the hell do they want you to do with that? Then they want to HP you to check again? A soft pull was enough for them to get the information they needed and see you were 15K in debt. Not sure what the difference in data is but what is a HP going to give them that they don't already have with that SP?

[UncleB]

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@Anonymous wrote:

This Morning i woke up to a email from these jokers about two of my cards getting a credit limit decrease. I have had these 2 cards since 2011 and i have a prestige card, They decreased my double cash from over 10k to 300 bucks and my dividend from 10k to 6700 and they left my prestiage alone. they are talking about i have excessive debit i only have 15k in cc debit and 200k in credit, No missed payments and no lates on any account and my scores are in the 750 range, they wanted a hard pull to look at my credit again i told them no and closed the double cash card! I am so flaming mad! Goes to show no matter how well you treat a bank and no matter how long you have been a customer they do not care!

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Dang... I'm sorry to hear about this. 

Just a few days ago I mentioned how Citi back in the 90s was 'solid' for me, even when I kept my cards maxed out for months/years on end.  I guess that's yet another thing that I'll have to start speaking of in the past tense. 

[Anonymous]

No the 15k is spread into a few different cards I only had a balance on one of my citicards. Strange thing is they left the 22k on my prestige card alone. It's no loss really to think about I only used them for their low rate balance transfer offers. I was going to but the dividend card but they left that at 6700. I juat got a offer from navy for a gorewards card the other day. It's all strange citi keeps sending me offers for their American airlines cards

[Anonymous]

Citi did the same thing to me, but way back in 2009. I carried all my credit card debt (thanks to 0% BTs) on my Citi Diamond something card. It was around a 10k and my only debt. Granted, I was living beyond my means and this was my lesson. Anyway, despite having great credit, they out of the blue reduce my limit from 20k to my balance. A month later a got a notice that my apr was going up from 6.5% (unheard of and amazing!) to 24%. I was able to close to the account and maintain the 6.5 interested rate. Took me a few years to pay off and I learned my lesson with credit cards.

Anyway, I'm huge Citi fan, but the second they stater seeing systemic and individual risk, I would be concerned.

[gdale6]

Sorry to hear but defaults are rising and the banks are being proactive in getting ahead of the curve this time by cutting before the limits are reached. I detest what they are doing these days, in the 80s and 90s one could max all cards without losing a dime in credit and still get more cards if you had the income to support the payments.

[AverageJoesCredit]

So about a 7% utilization gets one cld, not good. Id hate to be over 10% SMH. I seriously cant wait to pay down my cc debt and i think im gonna pick 5 and roll the dice. Id rather be the one clding then the bank . Sorry about yours. Was tour 15k most recent or have you been carrying for awhile?

[Anonymous]

I carry around that much I could pay it off but I try to keep it in the sweet spot around 10% so to speak to get the maximum boost in my score, if.i payed it all off then my score would drop. I just sold a house back in feb and as soon as wells Fargo reported it payed my score dropped 20 points.