FNBO CLD ****Master Thread****

[Anonymous]

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@M_Smart007 wrote:

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@cws-21 wrote:

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@acreditdummy123 wrote:

so if i got in with FNBO before the geofence, will i still be able to apply for subsequent products now they're enforcing geofence? 

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...and might FNBO start closing accounts at some point for folks like me who have had a card, but live outside the geofence?

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@cws-21, Once you have the card, they will not close for out of geo area.

If that were the case, I'd have at least 10 CU's shut my cards down, for moving outside of their area.

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Or ... in your case "other reasons"  !  

[Anonymous]

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@Creditplz wrote:

Wait what?! FNBO is now geo-fenced?! I just got their business Verizon visa yesterday... I'm assuming this is for their evergreen products and not cobranded?. 

I wanted the evergreen, SP always comes back empty..

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FNBO geo-fencing is on core card products not Affinity/Co-Branded Cards.

[Raisondetre]

I don't normally use this card but maybe once a month for small purchases and I turn around and pay it off before statement cut. I decided the other day to put a big purchase on the card ($2,624.76) and pay it off within a couple months, I didn't think anything of it because there was a $10k credit limit and I don't hold balances on any of my other cards. Statement cut today, I logged in to see how much in reward points I can convert to money, and that's when I seen they dropped me down to a $2,800 credit limit while asking me to update my income information (income is the same). I don't know what freaked them out other than the large purchase, my credit is extremely clean, I even pulled all three of my credit reports to make sure something didn't happen and everything is normal.

I figured I'd make a post since this was super puzzling to me. I know Synchrony can freak out, but I didn't think FNBO would. This may just be another card I'll throw in my drawer, which is a bit sad but at least the account wasn't closed.

[FireMedic1]

There seems to be a trend just about starting to show its ugly head on AA with FBNO. Been showing up more and more lately it seems. Sorry this happened. They must be protecting themselves with the way things are now. Its not personal.

[SUPERSQUID]

I agree with firemedic, I have been reading some similar posts lately regarding FNBO.

[Raisondetre]

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@FireMedic1 wrote:

There seems to be a trend just about starting to show its ugly head on AA with FBNO. Been showing up more and more lately it seems. Sorry this happened. They must be protecting themselves with the way things are now. Its not personal.

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That does make sense. I guess no one thinks they would ever have something like this happen to them, but we are in interesting times. It's not a huge deal, I'll pay it off and go back to using the card for small purchases again.

[Raisondetre]

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@SUPERSQUID wrote:

I agree with firemedic, I have been reading some similar posts lately regarding FNBO.

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I'll have to search around for the posts. I haven't been on the forum for awhile, so this will be interesting.

[SUPERSQUID]

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@Raisondetre wrote:

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@SUPERSQUID wrote:

I agree with firemedic, I have been reading some similar posts lately regarding FNBO.

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I'll have to search around for the posts. I haven't been on the forum for awhile, so this will be interesting.

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Right now theres a similar post in the applications section, and i read a few others but i dont remember where they were.

EDIT - Ooops, now i cant find that post either, maybe a search will show them.

[Anonymalous]

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@Raisondetre wrote:

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@SUPERSQUID wrote:

I agree with firemedic, I have been reading some similar posts lately regarding FNBO.

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I'll have to search around for the posts. I haven't been on the forum for awhile, so this will be interesting.

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There are at least three threads, starting in mid-September. It's not just one or two people, it's enough to show a real pattern. It's not universal, though. My CL was almost doubled 2 months ago, and I've had fairly high balances (almost 50%) for the following months.

If I had to guess, they're spooked by the economy. They're a small bank after all, and we know they're pretty aggressive with things like potential fraud. Combine that tendency toward caution with all the troubling economic signals and the relatively high SLs they've been giving out, and they probably feel overexposed and are trying to reign things in. They do seem to be targeting people who aren't using their cards much, or people who are showing sudden rises in their balances. Which fits the pattern -- they're either trimming unused credit, or looking for signs of financial risk.

https://ficoforums.myfico.com/t5/Credit-Cards/FNBO-massive-credit-line-decrease/m-p/6593579

https://ficoforums.myfico.com/t5/Credit-Cards/FNBO-CLD/m-p/6592259

https://ficoforums.myfico.com/t5/Credit-Cards/Beware-of-FNBO/m-p/6604893

[Anonymous]

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@Anonymalous wrote:

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@Raisondetre wrote:

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@SUPERSQUID wrote:

I agree with firemedic, I have been reading some similar posts lately regarding FNBO.

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I'll have to search around for the posts. I haven't been on the forum for awhile, so this will be interesting.

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There are at least three threads, starting in mid-September. It's not just one or two people, it's enough to show a real pattern. It's not universal, though. My CL was almost doubled 2 months ago, and I've had fairly high balances (almost 50%) for the following months.

If I had to guess, they're spooked by the economy. They're a small bank after all, and we know they're pretty aggressive with things like potential fraud. Combine that tendency toward caution with all the troubling economic signals and the relatively high SLs they've been giving out, and they probably feel overexposed and are trying to reign things in. They do seem to be targeting people who aren't using their cards much, or people who are showing sudden rises in their balances. Which fits the pattern -- they're either trimming unused credit, or looking for signs of financial risk.

https://ficoforums.myfico.com/t5/Credit-Cards/FNBO-massive-credit-line-decrease/m-p/6593579

https://ficoforums.myfico.com/t5/Credit-Cards/FNBO-CLD/m-p/6592259

https://ficoforums.myfico.com/t5/Credit-Cards/Beware-of-FNBO/m-p/6604893

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Over 150 years old, First National Bank was founded by two pioneers, Herman and Augustus Kountze in 1857 serving Omaha and the surrounding communities. The pioneers who founded First National Bank did so in the spirit of innovation and commitment to customer service. Today, this sixth generation family- owned business has become the largest privately owned banking company in the United States, with locations in seven states and more than 6.6 million customers across the country.