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I pay on time and the bank has lowered my limits substantially on all three cards, should I cancel?
I have 3 charge accounts with Citibank. I pay ontime and they've recently (past 3 days) lowered my combined credit limit on the three cards from $14,000, 5000, 5000, to 1400, 500, and 500 respectively.
I think it's petty......nothings changed. Should I cancel all three cards
Asked by
dealertainer
1 year ago
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If there is not annual fee, no. They help you credit score and while it feels good to cancel out of spite you may only be hurting yourself.
AppleRules 1 year ago
Citi is one of those companies that you really shouldn't get credit from anyway so just transfer the balances to other cards and close the Citi.
Why not use Citi? All creditors will eventually make a misteak, most companies are eager to get it corrected - not Citi. They will rake you over the coals for months. But with that said they are sooooo much better than Cap 1 who won't even let you talk to a human other than in a call center in India.
Dogslurp 1 year ago
NO dont cancel!!! Pay it off and keep it; I did the same thing by canceling my Citi when they raise my APR for no reason and it really hurt my credit score. I would just say pay it off and keep it OPEN as a credit builder.
geminibug 1 year ago