I recently received a credit limit increase via the app for one of my cards(Lowes) and bam they shut them all down probably same day or next. I read if your limits get past a certain imaginary point this can happen, oh well, just posting for awareness. My FICO is 800+ and 7% utilization across the board. Fortunately I have a good credit file and limits, so not much of a ding but cards closed listed below:
Synchrony Project Card- 20k limit $0 balance
JC Penny store Card- 5k limit $0 balance
MyLowes Rewards Credit Card – 30k limit $0 balance
Value City Furniture Card- 20k limit $1500 balance, 0% interest equal payment promotion…this store is now closed but a letter came in the mail saying it would transition to something else prior to this
Synchrony at it again, closed all my accts, said high risk for failure to pay🥱🧐
byu/Conscious-Estimate39 inCreditCards
Posted by Conscious-Estimate39
1 Comment
no way