Credit Card cut limit...

[dscurlock]

FIA Card Services
aka Regions bank

I just logged in, and found $1000 credit has been cut from my account.
I know my credit sucks, and all, but if they do not need the business, then fine, I have not missed a payment with this card in years...

I am looking for one of those credit cards that you can make a deposit
too and build your credit limit..I have seen some in the past where you
could deposit $5k and your credit limit would be $5k

If you guys know of any credit cards that do this, then please
list them, since I have more money now, then I have in my
past, I am not going to let any credit card control me based
on my credit...FIA card services...your business days are numbered
with me...I am sure there are people that deserved to have
their credit cut, but I was not one of them...so keep your credit
you dirty bastards...

[justbroke]

These are called secured credit cards. Just about any credit union has this product. Also, Citibank has the highest limit that I know of for a secured card. That CitiBank secured VISA requires a CD in amounts up to $25K to back the card.

[dscurlock]

These are called secured credit cards. Just about any credit union has this product. Also, Citibank has the highest limit that I know of for a secured card. That CitiBank secured VISA requires a CD in amounts up to $25K to back the card.

It just so happens that I have picked citibank. I am going to start
the account with $1000.00 and go from there. I see no real reason
why I should be turned down, it keeps talking about credit worthiness..
after all it is secured using my money...

I just made a good size payment for FIA/Regions, now they
turn around and jack down my credit...once I am approved
by citibank, I will terminate their services..these banks
will cause their own destruction by taking action on
people with current bills, because of what FIA/regions has done,
I am now going to take action to close two other small
credit card accounts credit one, and first premier, after all, if
I can determine my own credit limit by sending in a certain
amount to secure, then why would i need two other cards?

Now because of one credit card, I am going to get rid of them,
and cancel two others...

good job FIA/Regions bank...

[AMISLANDER]

Just my opinion; I would not let a grand of my cash sit in the hands of a credit card in today's economy; they might bk on me!

[justbroke]

Just my opinion; I would not let a grand of my cash sit in the hands of a credit card in today's economy; they might bk on me!

You just need to make sure that the collateral account is FDIC insured. Almost all banks that have secured cards, keep the collateral in a savings account. Some even allow you to accrue interest.

It was worth the laugh though!

[AMISLANDER]

You just need to make sure that the collateral account is FDIC insured. Almost all banks that have secured cards, keep the collateral in a savings account. Some even allow you to accrue interest.

It was worth the laugh though!

I thought so too!

Re: bk, I never went the secured card route but it some cases I'm sure it could be the only way back to rebuilding credit.

[anykey]

All of the CCs are cutting lines and raising interest rates.

[dscurlock]

They sure did not waste anytime on cashing that check maybe I will have my card in the next week or two.

I think if everyone would go secure credit then we may not be messed up
as much as we are today on non-secured credit cards.

[FLBK7]

All of the CCs are cutting lines and raising interest rates.

Yup. My credit score is 752 according to my credit union which recently financed my "newer" car. My total cc balance is zero. Chase cut my available limit by 50% and raised interest rate to 27-something. I don't owe them or any other cc company anything, but just wanted to share how even those with good credit are getting the same type of letters. The banks and cc companies are just rushing blindly into self-protection mode ahead of the new regulations that will become effective early next year.

I just wish the new regulations could have been "effective immediately."

[dscurlock]

I just found out today that I was denied a SECURED credit card from
citibank..can you imagine in this economy a company returning a
$1000 deposit? I got it right here...

I am a little lost..and I do not get it...people get a secured card because
they do not have good credit, so they secure the deposit. I mean who
in the hell with good credit would actually get a secured card? It
really does not make any since...a secured card turned me down because
of bad credit...

I offered $1000 to secure the card with my money, and they returned
it saying my credit was bad.., hell I know my credit is bad, why do they
think i was sending them a $1000? I just do not get it...

If you are going to look at someone's credit, and deny
them a secured card, it sorta defeats the purpose of
getting a secured card to begin with.

[frogger]

Just remember, the banks are here to "help" us. I've still got that bridge for sale too.......

[dscurlock]

Just remember, the banks are here to "help" us. I've still got that bridge for sale too.......

I just can not get over the fact that a secured
card returned $1000 - maybe I should be looking
for a less known bank that does secure cards...

[justbroke]

I just can not get over the fact that a secured
card returned $1000 - maybe I should be looking
for a less known bank that does secure cards...

Credit Unions are usually easier. I don't understand the "you need credit" to get an "unsecured" card myself.

[dscurlock]

I am going with Applied Bank - Guaranteed Approval!

https://onlineacceptance.appliedbank.com/displayPLAOffer.do?packType=3100&cid=58826078

Bye CitiBank - Put yourself out of business for all I care.

I can start Applied Bank with $500 instead of $1000
and go from there.

[anykey]

Ok- so that seem interesting