GM Card Warning to cardholders

Discussion in 'Credit Talk' started by lynn112, Nov 20, 2003.

  1. lynn112

    lynn112 Well-Known Member

    Hubbies scores and credit is a lot better than it was when the card was issued. In may the jacked the rate to 23.9% (i hear they did this to others). We promptly paid off the card and have not used it since.

    This past weekend i used it once to keep the card active. . Today I found out that my credit limit was decreased agian from 1,400 to 300 !!! the computers show no reason at all for the decress and no one knows why. (Can't wait to get this letter with the reasons)

    I was planning on keeping the damn thing open,but as of today. This card is gone. I refuse to deal with a company that treats it's customers like dirt. They can stick this card where the sun does not shine!

    I thought paying your bills on time and having a great credit report with a good score was something you should be rewarded for, guess this company doesn't want to deal with people that pay on time.

    Sorry venting a little...lol

    I just wanted to warn others that they may reduce your credit limit too without you knowing. Seems they are doing an account check right now.
     

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