Big Lots credit limit decrease

[Ontherise2020]

Hello Everyone,

Just an FYI, I got an alert today that my total credit limit decreased by $3300. Lo and behold, it was Big Lots, and my entire credit limit with them is now $0. I'm not sure if everyone knows that Big Lots closed their stores, so you may get a credit alert. I got mine last night. I am assuming that the next step is to close the account. 

[CreditPoor]

All of there stores aren't closed. This sound like Comentity shut down the card because something spooked them

[NoMoreE46]

Any issuer would be spooked if the client filed for bankruptcy.

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@CreditPoor wrote:

All of there stores aren't closed. This sound like Comentity shut down the card because something spooked them

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[FicoMike0]

you'd think the bank would rebrand the card.

[GZG]

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@CreditPoor wrote:

All of there stores aren't closed. This sound like Comentity shut down the card because something spooked them

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looks like you can still apply, as far as I can see 

[Scottisthename]

Seems specific to you mine is fine they also sent a 15% of coupon today when using the card. there was also a sale this week the company has been bought out of bankruptcy by private equity same  company as Ted's.

[visionsdivine]

Comenity and Synchrony bank both have the strangest underwriting and risk assessment practices. They represent the majority of store cards and do all kinds of balance chasing, credit limit decreased, and account closures over the most random things. They're all over the place.

They're not a bank to build a longterm relationship with. They're fine for the short term if you have a big purchase at a particular store, but I'd say just use them into the 0% promo or whatever is done and then close the card. Otherwise they'll chew YOU up and spit you out eventually.