CITI CLD ME FOR NOT SPENDING MORE

[plasticguy]

My Citi Pro was decreased from 15K to $2,300 because I wasn't using enough of the CL. That's a new one!! They said since it is a "Business Card" it as different criteria than a consumer card. However, that's a big drop. I threaten to close it and they wanted to give me 3,000 reward points for not closing it. I stil might. They left the rate at 6.9. Gee Thanks!

[Anonymous]

My Citi card has a CL of $8700 and I rarely use it and PIF. If they AA me they'll get the boot!

[Cleanmachine]

Sorry to hear about your credit limit reduction.

You are not alone, many have come before you and many will come after.

With today's credit crises I am surprised they kept your APR as is.

It's not AA by any means and all consumers will receive some type of action to lower limits and higher APRs.

Recommend that you keep the card and wait it out to see if the climate gets any better and then you can request you credit limit be restored.

[haulingthescoreup]

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plasticguy wrote:

My Citi Pro was decreased from 15K to $2,300 because I wasn't using enough of the CL. That's a new one!! They said since it is a "Business Card" it as different criteria than a consumer card. However, that's a big drop. I threaten to close it and they wanted to give me 3,000 reward points for not closing it. I stil might. They left the rate at 6.9. Gee Thanks!

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Sorry to hear this. As you know from all your time here, this has happened to a lot of our members.

I suppose that once a bank decides to shine up its books, anyone can be a target!

[Junejer]

Dang.

[plasticguy]

Thanks for the in put. They didn't touch the Diamond Preferred card. It's still at 5.99% and has a 15k limit. I called them to find out the deal, and they said that the "Business Card" is a whole different Dept, and the Diamond Card is a consumer card, and I am using it properly.

The moral of the story is, I wasn't going to office supply stores, etc....... I didn't use it for personal items like groceries or retail shopping. I should have spent more time at Staples or buying computers.

So what can I do at a office supply store with $2300???

[Scamp]

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plasticguy wrote:
Thanks for the in put. They didn't touch the Diamond Preferred card. It's still at 5.99% and has a 15k limit. I called them to find out the deal, and they said that the "Business Card" is a whole different Dept, and the Diamond Card is a consumer card, and I am using it properly.

The moral of the story is, I wasn't going to office supply stores, etc....... I didn't use it for personal items like groceries or retail shopping. I should have spent more time at Staples or buying computers.

So what can I do at a office supply store with $2300???

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Keep 'em happy - use it to buy a box of paper clips or a new stapler or a ream of paper or printer cartridge, etc., once every couple of months.  Find out where else is considered 'business purchasing' to them and see if you can use it those places to rack up charges without buying stuff you don't use or need.  Some biz/pro cards like you to use them to pay cell phone bills and such, too, so that might be something to look into.

If you really want the CL back, I'd say do your best to start running masses of properly 'biz' (in their eyes) transactions through the thing every month for a few months, then call and ask if you can get the CL raised.

(edited for typos)

Message Edited by Scamp on 12-13-2008 07:25 AM

[smallfry]

They got my Citi Pro yesterday too. Left me at 2.2K so I just closed the **bleep** thing. Still have a DP card. Same reason you got. 

[Anonymous]

Back in the day Citi CLD'd me to zero for spending too much!

Oh, wait, I think that's called getting sent to collections.  Good thing I don't really miss that AT&T Universal Card!

[Anonymous]

So getting an overlimit fee isn't the same as a CLI?

Message Edited by debtisgood on 12-13-2008 02:18 PM