cancel
Showing results for 
Search instead for 
Did you mean: 

HELP! ASHELY FURNITURE CARD LIMIT DECREASE

Highlighted
Member

HELP! ASHELY FURNITURE CARD LIMIT DECREASE

 I had a ashley furniture card with 10k limit. I made a purchase with 3 years intrest free. WIth  this purchase the card was at 25% utilization. However  I forgot to make a payment and Sync bank reduce my credit limit and now the card is at 68% utilization.  What are some suggestions besides paying the card in full. 

Message 1 of 8
7 REPLIES 7
Highlighted
Valued Contributor

Re: HELP! ASHELY FURNITURE CARD LIMIT DECREASE

There's really nothing you can do besides paying off your balance.

PenFed Power Cash • Promise • NFCU Flagship • cashRewards • GoRewards • Sapphire Reserve • Freedom • United Explorer • UNFCU Azure

No CC debt • No bonus chasing • No app sprees • No manufactured spending • No AZEO • No airline incidentals • No hotel cards • No store cards • No business cards • No authorized users • No autopay • No push payments • No food delivery services
Message 2 of 8
Highlighted
Moderator

Re: HELP! ASHELY FURNITURE CARD LIMIT DECREASE

How about your other cards, do you have high utilization on the rest of them for Synch to start balance chasing you? Any recent lates or anything like that? 

 

 

Message 3 of 8
Highlighted
Valued Contributor

Re: HELP! ASHELY FURNITURE CARD LIMIT DECREASE

I wonder if Synchrony did a soft pull on his credit and saw all the new cards he has gotten recently.  For example, three new NFCU cards in only a few months, two of them with high limits.  That could be viewed as credit seeking behavior.

PenFed Power Cash • Promise • NFCU Flagship • cashRewards • GoRewards • Sapphire Reserve • Freedom • United Explorer • UNFCU Azure

No CC debt • No bonus chasing • No app sprees • No manufactured spending • No AZEO • No airline incidentals • No hotel cards • No store cards • No business cards • No authorized users • No autopay • No push payments • No food delivery services
Message 4 of 8
Highlighted
Member

Re: HELP! ASHELY FURNITURE CARD LIMIT DECREASE


@Remedios wrote:

How about your other cards, do you have high utilization on the rest of them for Synch to start balance chasing you? Any recent lates or anything like that? 

 

 


 I do not have any other high utilization on any other card. Just the Ashley because I had to furnish a new appartment. 

Message 5 of 8
Highlighted
Community Leader
Super Contributor

Re: HELP! ASHELY FURNITURE CARD LIMIT DECREASE


@Charles3 wrote:

 I had a ashley furniture card with 10k limit. I made a purchase with 3 years intrest free. WIth  this purchase the card was at 25% utilization. However  I forgot to make a payment and Sync bank reduce my credit limit and now the card is at 68% utilization.  What are some suggestions besides paying the card in full. 


Unfortunately, the only thing you can do is pay it down quickly.

 

Also on another note. Since this was at 0% interest, this missed payment could void the interest free and trigger a penalty interest to kick in. If this happens, you should pay the balance off immediately. 

 

You should consider putting your cards on autopay so this can never happen again. 



DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| NFCU CashRewards $30K || AmX Cash Magnet $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 6 of 8
Highlighted
Valued Contributor

Re: HELP! ASHELY FURNITURE CARD LIMIT DECREASE


@Charles3 wrote:

 I had a ashley furniture card with 10k limit. I made a purchase with 3 years intrest free. WIth  this purchase the card was at 25% utilization. However  I forgot to make a payment and Sync bank reduce my credit limit and now the card is at 68% utilization.  What are some suggestions besides paying the card in full. 


This late payment---just how late was it? If it wasn't more than 30 days that alone shouldn't be enough to justify a CLD--they would just hit you with a late fee if it was your first time late.

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 7 of 8
Highlighted
Valued Contributor

Re: HELP! ASHELY FURNITURE CARD LIMIT DECREASE

A few years ago I wsa one day late paying Amazon Store card. When I logged in to make payment my limit had already been chopped half.  Limit hasn't budged since.




Living through Darwinism is so much worse than learning about about it in school.
Message 8 of 8
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.