Greetings all! I received a Chase Platinum in February of this year. $9500 cl, 8.99% fixed. In September they reduced my cl to $7600. Reviewing today's EX report I see the following softs from them: May 20th June 20th July 18th August 18th September 17th It's like they were stalking me, waiting for the opportunity to either jack my rate or drop my cl. In September utilization drove my scores into the low 600's, obviously what triggered the cl decrease. Anyone else seen anything like this? It seems odd that the softs didn't begin until the card was 3 months old, and that they would stop as soon as my cl was decreased. Account was in full in November; called them Friday and asked that the account be closed. They were all too happy to oblige, I'm now wondering if I made a mistake. They've told me I can fax in a current copy of my EX report to the "reconsideration" department to possibly have it reopened and the original cl established. I haven't decided if I'll do that yet or not. I thought I might wait until the closed status hits the reports and see what it does to my scores. Utilization is not a problem now so I'm thinking scores may actually go up since this was such a new account, it should make the average account age longer. What would you do in my position?
FLEET did that to me!!! FRIVOLOUS +$300 CLI........FRIVOLOUS -$100 CLD ALL IN 2-3 MONTHS!!! SO I PAID THEM OFF!!! CARD IS IN THE SOCKDRAWER!!!
Unless closing the account really tanks your score, leave it alone. Chase will just do this again, and again, and again.
The September review would have had around a 9k balance on Chase. This was paid off last month. I already closed it, for better or worse. The question now is if I should attempt to deal with the "reconsideration" department to get it re-opened and attempt to make them restore the 9500cl...WITHOUT any new hard inq.
"MOST" credit card companies WON'T do a HARD if it has been less than 60 days (some less than 90 days) SINCE YOU CLOSED IT...but then with CHASE--WHO KNOWS??? I wouldn't reopen mine if they gave me 0.00% for 2 years and gave me a credit limit of $40,000!!!
