Upgrade Signature CC - Sometimes you have to wonder.

[CCrew]

Have to wonder what's going on in the financial markets...

Had an Upgrade Signature CC, never used it beyond once when we did a pay over time on a couple of e-Bikes. Paid it off almost immediately and sock drawered it. Funny too that they just sent a message not more than a week or so ago preapproved for some new card they were offering.

Got an AA this afternoon that they dropped the SL from $5000 to $3400.

What made me go "huh" though was at the time this partucular line was opened my FICO was more than 50 points lower because of UTIL. Across Dec - January paid off virtually every penny I owe barring a truck and RV payment and I put near $40k to them. Not even AZEO on revolvers right now, actually AZ. It did however not show as a revolver with the CRA's, it showed as a Consumer line of credit at the so it wasn't even helping.

Reasons for AA:

1: My FICO score is 761

2: Inconsistent trend in payment amounts of bank issued credit cards. (Yeah, i've rarely been AZ!)

3: Proportion of bank-issued credit card balances to all balances is too low ( Yeah, I guess zero is pretty darned low!)

Thought is that I'm not a good target for high interest any more?

Called and politely closed that one. 

[C6]

I think this company is having trouble. I posted a few weeks ago that they will start charging a 5% fee to access cash. This will make the card useless and I'll likely cancel it.

[Jeffster1]

I'm calling in the morning to cancel my Upgrade Visa. I never use it, and have been thinking about closing it for months.

They seem to have significantly shortened their Customer Service number hours, and when I called at the decently-early hour of 6:05 PM West Coast time, they were already closed. 

[Jeffster1]

No CLD or AA on my Upgrade account at all but I've been meaning to close it anyway. I called this morning. Got right through and closed it. 

[AndySoCal]

@CCrew  The article in the link below may to explain why the credit limit decrease happened

https://www.experian.com/blogs/ask-experian/what-to-do-if-your-credit-limit-decreases/ 

[CCrew]

Thanks, but if you look this appears to be an Upgrade thing across a broad swath of people with good credit. I'm far from caring about them. Account is closed. I have near 150k in available credit, $0 owed on any revolving account and certainly don't need them.