The incredible shrinking CC limit . . .

iVillage Member
Registered: 04-10-2003
The incredible shrinking CC limit . . .
11
Mon, 02-15-2010 - 9:08am

Stupid CC's.


This month was the first official statement of $0.00 (last month I had to pay off about $30 in interest even though I had paid the balance fully).


So I looked at my little statement and noticed my limit was $2000.00. WHAT? It was $15,500 last year, then they lowered it to $13,500. Now that its fully paid, they lowered it to $2k. Jerks. After all the money I've given them in interest!


Oh well. Its really not a huge deal since I have all my CC's paid off and I use my VISA for everything and pay it off (For the cashback). It just makes me more angry then anything. When I got my car loan in December the guy there said I have the best credit he's ever seen (I know I do, I keep tabs on it). I just find it funny that they gave me $15k when I was a student (yes, you read that correctly) and now that I am working fulltime making a good income they decide to cut


Bex -

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iVillage Member
Registered: 04-10-2003
Tue, 02-16-2010 - 9:12am
Well I am over my initial vent. Really I think they did me a favour. My interest rate on that card is 5.9%. The interest rate on my cashback card is 19%. I have never paid interest on the cashback card (take that VISA!). BUT I caught myself last night wondering what I would do if I had a major expense that I couldn't pay for right away and was over $2k? It would have to go on my VISA at 19% interest. Omigod no I can't . . . then I stopped. I inhaled. And I realized I HAVE to get out of that mindset. I need to focus on an Efund so that if the worst happens, I have cash. So, my tax refund (whatever the heck it is going to be) will be the start!

Bex -


"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."


Bex -

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