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Ulster Bank decreasing Credit Card amount.

  • 01-03-2012 8:10pm
    #1
    almalahide
    Registered Users, Registered Users 2 Posts: 69 ✭✭


    Anybody elses amount on CC being decreased?

    I don't use it a huge amount at most a few hundred but always pay it off by end of month, just noticed the amount was dropped by 500!

    Only in Ulster Bank as my earnings went up recently so just wondering what their logic is? I am never in overdraft etc and have a good amount of savings with them! :confused: I will ask next time I am in branch but it is a bit bizarre!


Comments

  • #2
    dublin daz
    Registered Users, Registered Users 2 Posts: 480 ✭✭dublin daz


    Sign of the times with Ulster Bank. I always had my Overdraft renewed automatically but this year I had to re-apply. They are finding it hard to lend money they don't have I think.

    Also, their risk exposure is higher when your credit card limit is higher. The more credit the more risk - in the event your card was skimmed - the potential liability to the Bank being the credit limit.


  • #3
    almalahide
    Registered Users, Registered Users 2 Posts: 69 ✭✭almalahide


    That's fair enough I guess, just found it funny they didn't send me a letter considering they send so much out about different things!


  • #4
    Xcellor
    Registered Users, Registered Users 2 Posts: 2,821 ✭✭✭Xcellor


    almalahide wrote: »
    Anybody elses amount on CC being decreased?

    I don't use it a huge amount at most a few hundred but always pay it off by end of month, just noticed the amount was dropped by 500!

    Only in Ulster Bank as my earnings went up recently so just wondering what their logic is? I am never in overdraft etc and have a good amount of savings with them! :confused: I will ask next time I am in branch but it is a bit bizarre!

    Sounds like a mistake to be honest. I doubt they can just reduce your credit limit without notifying you first... THey have agreed to offer you credit for x amount. You have not broken any terms and conditions which might give them reason to change this.

    Very weird imo.


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