East West bank CLD....did nothing wrong.

nursepower · ‎09-05-2014

I've had this card for a year now. Went from $1500 to $3K...then they reviewed my account yesterday and put me down to $400. I didn't do anything wrong. I have $300 on my card, never missed a payment and when I called all they said is wait for the letter. I'm pissed about this one. I mean when discover did it...I had a high balance, but I've never done anything to East West.

afinch1992 · ‎09-05-2014

Do you have a lot of recent INQ or account openings? It could just be a total number of accounts that has added up now and has increased your risk in their eyes

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Anonymous · ‎09-05-2014

@afinch1992 wrote:
Do you have a lot of recent INQ or account openings? It could just be a total number of accounts that has added up now and has increased your risk in their eyes

Right, as I just said in another thread, it's the perception of risk that matters, they want to reduce risk BEFORE you "do anything to them" not after. Hopefully the letter will provide more info, but it will probably be fairly generic.

nursepower · ‎09-05-2014

New accounts and inquiries are a possiblility but couldn't they look at my history with them?? I have 100% on time payments with more than the minimum. The only reason its at $300 is because I had my renters insurance put there.

jamesdwi · ‎09-05-2014

I would pay the balance or BT the balance and close the card, mentioning I have decided you didn't lower my limit enough, I want it to be 0, I will take my bussiness to a company that appreciates me!.

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nursepower · ‎09-05-2014

That's not a bad idea.

Anonymous · ‎09-05-2014

Other thing is to check your reports in case something wrong has appeared.

baller4life · ‎09-05-2014

@jamesdwi wrote:
I would pay the balance or BT the balance and close the card, mentioning I have decided you didn't lower my limit enough, I want it to be 0, I will take my bussiness to a company that appreciates me!.

+1000 I would be kicking those suckas to the curb so fast!! See ya!

taxi818 · ‎09-05-2014

@jamesdwi wrote:
I would pay the balance or BT the balance and close the card, mentioning I have decided you didn't lower my limit enough, I want it to be 0, I will take my bussiness to a company that appreciates me!.

+1

yes 400 dollar limit. 75 percent util now. i would say screw you. as well. transfer to discover or other low balance transfer card..

Anonymous · ‎09-05-2014

@taxi818 wrote:
@jamesdwi wrote:
I would pay the balance or BT the balance and close the card, mentioning I have decided you didn't lower my limit enough, I want it to be 0, I will take my bussiness to a company that appreciates me!.

+1
yes 400 dollar limit. 75 percent util now. i would say screw you. as well. transfer to discover or other low balance transfer card..

Well, easy to say, but isn't it worth trying to find out why? Suppose there has been an error on the CRs, and other issuers are going to follow suit. I presume the East-West Bank employee didn't wake up and say, "I know, let's CLD a customer for no reason, oh here's one".