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

[Wilburtheman]

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@RealEstateGuy89 wrote:

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@Wilburtheman wrote:

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@RealEstateGuy89 wrote:

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@Wilburtheman wrote:

My evergreen card limit has been reduced from 12k to 500. To be fair to FNBO, I did rack up the card the first month, although I paid it off a week after racking it up 

Not knocking em since I did use it  heavy before they could trust me, but they seem to be pulling back on credit limits for some. 

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So sorry to hear about the CLD. Seems a bit drastic to me.

How long have you had the Evergreen card? Just curious because I just paid my Evergreen off last week that had a $3026w balance and I hope they don't come for me next but they very well could. 

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I was still within the first month of having it so was a new customer. 

When I used my us bank/elan card, the credit limit started growing really fast. 

FNBO seems quite the opposite. 

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That just kills me that they issue a card and then within a month or so they cut the limit down to nothing.  Why would they even approve the card if they were going to turn around and do this soon afterwards?  Especially with a good profile and another card at $50k.  After I read this today, I think I’ve logged into my FNBO account 3 times to make sure that it wasn’t cut down as well.  SMH.  Normally I login to it once a month.

I wonder if you called them and expressed your dismay, if it would help at all?

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Yeah I plan to call them today to see what they will do. I've called them when account was first opened and they were nice so it's worth a try 

[marmoset]

The unredeemed points are a major issue. Like a few weeks before they suddenly closed my wife’s account without notice and without any reason, she very fortunately did cash out about $400 in points. The $200 signup bonus and about $10k spend (and PIF) in the 9 months she had the card. However, there is still another $25 worth of points which they just locked up and are apparently forfeited when they closed her account under the “we don’t have to pay your points if we don’t want to“ clause. Scamming her out of the $25 is nothing other than an insult after they closed her account that was perfectly maintained.

[themanhimself]

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@marmoset wrote:

The unredeemed points are a major issue. Like a few weeks before they suddenly closed my wife’s account without notice and without any reason, she very fortunately did cash out about $400 in points. The $200 signup bonus and about $10k spend (and PIF) in the 9 months she had the card. However, there is still another $25 worth of points which they just locked up and are apparently forfeited when they closed her account under the “we don’t have to pay your points if we don’t want to“ clause. Scamming her out of the $25 is nothing other than an insult after they closed her account that was perfectly maintained.

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How long did it take to get the sign up points after meeting the spend amount?

it stinks they closed it and basically took the points too 

[805orbust]

So FNBO Chopped my DW today.  She gets an alert on her MyFico app that she's almost 90% utilized on her Evergreen.

DP's:

740's across the board

Opened in February 2022

$15k initial limit, CLI to $18k in August.

Casual usage, no more than $500/mo.

Did a $4000 BT upon opening

1 Inq since Jan (approved for Citi AAdvantage 2 months ago)

CL lowered to $5250

I sent Barclays to the hot place several years ago because their a pack of skittish hacks.  These guys better not be the same, however I think the data is coming in too hot and heavy to ignore.  That said, my account is still intact.  Same $18k limit, I run average of $9,000 per month through it and pay the statement balance in full every month.  I always report a balance tho.

The CSR told her to check her Experian report to see if there was something that caused it... can there be a sillier thing to say?  Either way, I'll post the letter when it comes.  

[cashorcharge]

Ouch! 

[805orbust]

@cashorcharge ... right?

[themanhimself]

No lates, no nuthin. Owe $1000 with them, never paid late. Credit limit isn't much higher than I owe now. 

[805orbust]

Dude, I am getting so sick of hearing this from these boneheads.  So sorry this happened to you. They got my wife today. Do you have any additional data points to share?  Some say they are inquiry sensitive... I'm not seeing much of a pattern as of yet 

[TryItAgain]

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@805orbust wrote:

So FNBO Chopped my DW today.  She gets an alert on her MyFico app that she's almost 90% utilized on her Evergreen.

DP's:

740's across the board

Opened in February 2022

$15k initial limit, CLI to $18k in August.

Casual usage, no more than $500/mo.

Did a $4000 BT upon opening

1 Inq since Jan (approved for Citi AAdvantage 2 months ago)

CL lowered to $5250

I sent Barclays to the hot place several years ago because their a pack of skittish hacks.  These guys better not be the same, however I think the data is coming in too hot and heavy to ignore.  That said, my account is still intact.  Same $18k limit, I run average of $9,000 per month through it and pay the statement balance in full every month.  I always report a balance tho.

The CSR told her to check her Experian report to see if there was something that caused it... can there be a sillier thing to say?  Either way, I'll post the letter when it comes.  

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Sheesh that blows! I got the Evergreen SL of 15k as well on 5-21, started with a 14k 0% BT paid it off. Then same cli to 18k on 1-22, and now I barely put $3-400/mo on it & PIF.  I guess I need to look out for the hammer.

I mean, **bleep** is up with that kind of behavior?!?!? I can understand if there is no usage, but **bleep** what do they want 50%+ usage monthly or what? Or maybe they don't like PIF and want interest payments only?  I dunno, it just makes no sense to give such limits if an average user can't keep said limit using it fairly regularly.

[805orbust]

Dude, I agree wholeheartedly.  Just don't approve the thing in the first place. It's as annoying as it gets. I will chop them in a minute tho if necessary 🤣