@Anonymous wrote:@mikesonthemend Are you inquiring about the payments made right before the AA? If so, the last few payments were all double/triple the minimum amount due, specifically since the balance was so high.
Yep. That is exactly what I wanted to know. When my AA's happened, I was making about 2 or 3x payments. I believe mine was due to legth of time I remained at high utilization. It may have been 6 to 8 months. Syncrony dropped my Amazon card 4 months in a row. When I paid it down to under 50% of the new lowered limit the decreases stopped.
They don't appear to hold a grudge, as they have approved me for new accounts, but have yet to allow a CLI on that account.
Thanks for responding.
EDITED: Typos
@Anonymous wrote:
@Anonymous wrote:I've had 2 Chase cards for about 5 years -- SWA (SL $21k) & Slate (SL $5,700, auto-increased to $8,200 after 18 mos). We use the SWA for travel, fuel, lodging, etc and the Slate was initially used for the BT option, but eventually used it regularly, paying it down. 2018 was a pretty busy travel year so we used the SWA quite a bit along with a few other rewards cards and utilization got up to about 65% (I know, gasp right). I knew we would have them paid off in no time, however, before we could do so, Chase put us on the chopping block & was the ONLY card issuer to decrease limits on BOTH cards (SWA down to $15,700 -- balance was at $15,000 at the time; Slate down to $1400?!), which of course had a huge impact on my overall score. When I contacted them to complain, I was told I could have my accounts reviewed and the decision reconsidered, but I declined. I was so furious that I decided to pay them both off instead, vowed never to use them again, and was ready to close the accounts altogether. Of course, this was all BEFORE I found this forum, and all the helpful info; So glad I gathered my composure and stumbled upon this community when I did.
So now that I've simmered down a bit, what's my recourse, if any? Anyone else had this happen to them with Chase or any other card issuer? SHOULD I have allowed them to review my account? Wouldn't that initiate a HP? WWYD? Thanks in advance.
Sorry about all this OP. you know, CC companies all have their own quirks and weird things they each do to protect themselves.
with Chase, its the one i always keep a balance on. IMO, i think they capture your spending habbits and when you stray from those very much is when they creep in and give a lil bit of AA. i have carried 5k for several months with them, and then pay off, now with Synchrony, they have balance chased me several times, then restore my limit. unsure why they give you the limit then you use it they take it away, yet restore it. seems odd, but oh well. (sorry i started to ramble, too much coffee today
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My sentiment as well! And it was the first time I'd ever allowed the balance to get that high. Sigh
Artificial Intelligence is like "The Minority Report"
I have know doubt they are analyzing what we buy as much as how much we spend. DW refuses to use a plastic at a liquor store. Me, I still take the cash back.
Anyway, premature punishment is probably the reality from this day forward.
