CITI Sears MC CLD

[haulingthescoreup]

Could it be that there is actually some constraint on how much total credit they can offer to consumers, somehow tied to their finances? So that if their total available something-or-other is reduced, they have to correspondingly lower existing CL's.

To me, credit limits are sort of imaginary money anyway, but I'll bet there is some form of tie between company health and our CL's.

[jmbfl]

I live in South Florida. I am becoming happier with each passing day that I do not have a mortgage showing on my CBR's. It's not just an unfounded fear on their part - the housing/mortgage situation is in very bad shape!

[Anonymous]

Good morning all, I had the same "STINKING" thing happen to me today CLD from 7.2K to 4K because of low balance. However I did call up and talk to a csr and she stated she could re-instate my CL back to my original limit and she did. Albeit most likely is a temporary fix,so for my FICO"s are safe from the "chopping block". For what its worth any of you guys might want to give them a call we have nothing to lose. Credit 08

[fused]

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credit08 wrote:
Good morning all, I had the same "STINKING" thing happen to me today CLD from 7.2K to 4K because of low balance. However I did call up and talk to a csr and she stated she could re-instate my CL back to my original limit and she did. Albeit most likely is a temporary fix,so for my FICO"s are safe from the "chopping block". For what its worth any of you guys might want to give them a call we have nothing to lose. Credit 08

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Which CCC?

[Anonymous]

That would be Sears Gold Mastercard thru Citi Financial btw received a letter from them today about the subject.

[haulingthescoreup]

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credit08 wrote:
That would be Sears Gold Mastercard thru Citi Financial btw received a letter from them today about the subject.

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Mmm, should be through Citi, not through Citifinancial...

[athensguy]

How long has it been since she used it? I thought it was pretty common to have to start worrying about the livelihood of your cards if they hadn't been used in 6 or more months.

[fused]

CITI has simply found a nicer way to hand out CLDs to their card holders.

[Anonymous]

Hey HTSU to be precise its CitiBank SD to me Citi is just Citi what can I say just another run of the mill CC.

[Anonymous]

Hello, my first post...My son recieved the same letter yesterday with a cld from 7250 to 4100...He's had the card for 4 yrs never late and bal. of 2k...always pays at least 100 a month....has excellent credit no derog.  He called the number on the letter, explained the issue he has due to util. to a rep. she put him on hold came back and said the cl was reset back to 7250.00...checked on the website and cl is back to original cl...a call won't hurt...good luck.