Jump to content

 

BankFodder BankFodder


stephenXL

Barclays Credit Card: credit limits

Recommended Posts

Just a piece of information.

 

Barclaycard dropped a letter to me in the post today.

Dated two days ago.

 

Saying:

We know this might not be ideal, but we've had to lower how much you can borrow on your Barclaycard. So on 25/03/2020 (today)your credit limit will change from £2000 to £1300.

 

I have always managed this card well, always made minimum payments, plus more every month. As a vulnerable person(as we all are at this time) it hasn't taken long for financial services to take action to make themselves less vulnerable has it?

Seems likely to me that any of us who may have other credit cards need to be aware of these moves.

 

stephenXL

 

 

 

  • Thanks 1

Advice & opinions of stephenXL are offered informally, without prejudice & without liability.

Use your own judgement. Seek advice of a qualified insured professional if you have any doubts

Share this post


Link to post
Share on other sites

Yes you are absolutely right. The banks are totally unreliable. Barclays is a disreputable company and we have lots of experience of that on this forum.

They will lend you an umbrella and ask for it back as soon as it starts raining.

Bravo Barclays – and Bravo the rest of them.

  • Haha 1

Share this post


Link to post
Share on other sites

Hi Stephen,

 

What was the approx a/c balance on the a/c when the limit was dropped.


We could do with some help from you

                                                                PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

                                            Have we helped you ...?  Please Donate button to the Consumer Action Group

 

Please give something if you can. We all give our time free of charge but the site has bills to pay.

 

Thanks !:-)

Share this post


Link to post
Share on other sites

Balance outstanding £1210   Credit remaining £790

 

Effectively had the rug pulled away.

 

 


Advice & opinions of stephenXL are offered informally, without prejudice & without liability.

Use your own judgement. Seek advice of a qualified insured professional if you have any doubts

Share this post


Link to post
Share on other sites

Don't be surprised if they continue to lower your limit as you bring the balance down.

 

Keep us posted ..........


We could do with some help from you

                                                                PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

                                            Have we helped you ...?  Please Donate button to the Consumer Action Group

 

Please give something if you can. We all give our time free of charge but the site has bills to pay.

 

Thanks !:-)

Share this post


Link to post
Share on other sites

I'll let you know.


Advice & opinions of stephenXL are offered informally, without prejudice & without liability.

Use your own judgement. Seek advice of a qualified insured professional if you have any doubts

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...