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    butterfly1956's Avatar
    butterfly1956 Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Mar 5, 2011, 12:35 PM
    Credit card increased my available credit, then decreased it months later.
    Fingerhut credit card sent letter stating that I had a temporary credit increase if used by a certain date. I had to charge up to that amount in order to keep the increase. Now that I have charged up to that amount, they have now sent me a letter stating that they are going to decrease my credit limit. What is going on? I have had this account for six years and never missed a payment or was late on a payment.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Mar 5, 2011, 12:37 PM

    A lot of companies are re-evaluating credit cards - what lead to a dollar amount one month may lead to a lower dollar amount (credit wise) the next.

    I had the interest on my credit card INCREASED. The explanation is that I don't run a balance; therefore, if I DO have a balance I will pay more.

    Go figure.
    yastinkoffresh's Avatar
    yastinkoffresh Posts: 1, Reputation: 1
    New Member
    		  
    #3

    Dec 3, 2011, 10:04 AM
    Do I have to pay it back if its so temporary?
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