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HELP! ASHELY FURNITURE CARD LIMIT DECREASE

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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. 

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Valued Contributor

Re: HELP! ASHELY FURNITURE CARD LIMIT DECREASE

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

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No CC debt • No bonus chasing • No app sprees • No gift cards • No AZEO • No airline incidentals • No hotel cards • No store cards • No business cards • No authorized users
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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? 

 

 

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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 • NFCU Flagship • Chase Freedom • Chase Sapphire Reserve • Chase United Explorer • four cards in the sock drawer

No CC debt • No bonus chasing • No app sprees • No gift cards • No AZEO • No airline incidentals • No hotel cards • No store cards • No business cards • No authorized users
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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. 

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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 ||
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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.

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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.




RIP: BTFD 20/02/2020
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