Yesterday when my husband tried using his Associates/Visa card, it would not go through. He called and was told that the account has been closed. We are thinking it probably got closed because we had at one time gone over our credit limit. We had been sending big payments in order to get the balance below the credit limit. We now only owe $170 and yet he called a week ago and was told his account would be opened back up within 48 hrs. He tried yesterday and it still would not go through. He called again yesterday to tell them this and he was told his request to open the account back up had been denied. He was not told the reason and if he wanted to know why he had to send the credit department a letter asking why he had been denied. He has had this card since 1994 and he was never notified that the account was going to be closed. Do they have the right to do this? His credit is not good anymore due to an illness and I think this is probably why they closed the account.
Likely what happened is they ran an A/R and saw his credit problems with other creditors and decided to pull the plug. Yes, they can close the account if they perceive risk or, if you've violated the TOS {over the limit, late, etc}.
