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Interesting letter from Home depot

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Community Leader
Senior Contributor

Interesting letter from Home depot

DH has had this card for a while up to 18K and always a HP for CLI. We haven't used it much, I prefer Lowes. Anyhoo just got s letter that their policy is if the card has not had activity for 12 months ( last use 10 months ago) so true , they will reduce limit to 5001.

So I guess we either swipe card, take reduction which I don't want he paid the HP for line, or just close it.Decisions, decisions lol.

Just thought I would give a heads up in case anyone doesn't know this policy. I understand it of course.



EXP 758 TU 783 EQ 729
Message 1 of 14
13 REPLIES 13
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Valued Contributor

Re: Interesting letter from Home depot

May I suggest a new refrigerator? Or how about them new washer/dryer?  Smiley Happy

BK7 dc in 01/2011 with FICO8 in the 500s

HPs EX 5 EQ 3 TU 1
AAoA 5y2m
UTIL 1% - 3%

$200K+ Total Limits







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Message 2 of 14
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Community Leader
Senior Contributor

Re: Interesting letter from Home depot


@JR_TX wrote:

May I suggest a new refrigerator? Or how about them new washer/dryer?  Smiley Happy


@JR_TX 

 

I am thinking a 10 dollar rakeSmiley Happy

EXP 758 TU 783 EQ 729
Message 3 of 14
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Community Leader
Mega Contributor

Re: Interesting letter from Home depot

Sheesh, i havent used mine in probably a year. I should make a charge, they send me constant finance offers . My limit is only 5k where it wont grow for anything but if it closed i guess no big lossSmiley Wink. I vote a Rake and a sodaSmiley Happy
Message 4 of 14
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Moderator Emeritus

Re: Interesting letter from Home depot

@Jnbmom ... seems they have your number? Must have picked up on your preference for Lowes (I like them too).
Starting Score: 300
Current Score: 850
Goal Score: 850


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Message 5 of 14
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Established Contributor

Re: Interesting letter from Home depot

They sell gum and tic tacs at the registers. Might as well have minty breath while keeping your CL. 

Message 6 of 14
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Community Leader
Valued Contributor

Re: Interesting letter from Home depot

Plenty of stuff to buy...batteries, lightbulbs, cleaning supplies etc.  If only Best Buy sold gum....

 FICO 8
Message 7 of 14
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Community Leader
Super Contributor

Re: Interesting letter from Home depot

It was nice of HD to give you a warning. 



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 8 of 14
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Contributor

Re: Interesting letter from Home depot

Do what I do.  Buy a big cooler from a Home Depot for a party and then return it after the party.

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Message 9 of 14
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Community Leader
Senior Contributor

Re: Interesting letter from Home depot


@CreditInspired wrote:

It was nice of HD to give you a warning. 


@CreditInspired  Yes I do appreciate that, they could have just slashed limit and explained later.

EXP 758 TU 783 EQ 729
Message 10 of 14
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