Uber Visa Credit Line Reduction

[Anonymous]

Opened Uber Visa account roughly 8 months ago...account was approved with a BK on File. Account is in positive payment standing. Has anyone else had this experience with that Card? This is extremely frustrating and have never..NEVER since opening any new accounts since my BK has this happend. I find this "rollback" and reasoning very odd.

[wasCB14]

Maybe they only barely approved you, and haven't liked subsequent changes to your credit (a few new accounts since Uber, maybe?).

Maybe their appetite for risk is changing if they're worried about general consumer trends.

I assume you use it enough that inactivity isn't a potential factor.

[Gmood1]

Nothing odd about it once you consider who the account holder is.
Sorry about your CLD. It happens quite often with Barclays. You can do a search about it here. You'll get many others that have experienced the same thing.

[AverageJoesCredit]

What was your limit? Reduction? Current Fico scores? Thanks

[Anonymous]

Good to know. I do have 2 other Barclay's accounts so it's making me kind of nervous now. The aformentioned account is used reguarly for Uber and lyft charges..and made it the primary go-to card for ride sharing services. Could it be uptick in more frequent charges since migrating to that card and usage greatly increased? Im thinking not. It's just a tad puzzling is all...iv'e never had this happen before and the reason for it is kind of dumb. I have had  a couple of new accounts open/inquiries. #Odd

[kdm31091]

Unfortunately it's kind of common with Barclay and there are many reasons as to why it could have happened. New accounts, increased utilization,  low activity on the account, etc. In general they are risk averse and are quick to CLD/shutdown compared to some other banks.

Sometimes you can get the decision reversed by calling an analyst.

[Anonymous]

I think i know which account I will be closing after paying it down

[NRB525]

---

@AverageJoesCredit wrote:
What was your limit? Reduction? Current Fico scores? Thanks

---

Bump

[longtimelurker]

---

@Anonymous wrote:

I think i know which account I will be closing after paying it down

---

That's a common reaction but not always the best.   If you have found the card useful, and the remaining CL is OK, it may be worth continuing to use.   Just as we don't pile all of our spend on a card just because we get a CLI, no need to do the reverse.

[wasCB14]

---

@longtimelurker wrote:

---

@Anonymous wrote:

I think i know which account I will be closing after paying it down

---

That's a common reaction but not always the best.   If you have found the card useful, and the remaining CL is OK, it may be worth continuing to use.   Just as we don't pile all of our spend on a card just because we get a CLI, no need to do the reverse.

---

It may be more satisfying to keep the account open and, by only using the card for bonus categories and paying in full, make them continue to lose money on you.

Of course, many of us do that already, even with lenders we're happy with.