HELP! ASHELY FURNITURE CARD LIMIT DECREASE

[Anonymous]

 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. 

[UpperNwGuy]

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

[Remedios]

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? 

[UpperNwGuy]

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.

[Anonymous]

---

@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. 

[CreditInspired]

---

@Anonymous 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. 

[Credit-hoarder]

---

@Anonymous 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.

[mikesonthemend]

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.