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Credit Line Reduction

February 20th, 2013 at 02:28 am

I got a bizarre letter from Citibank today. I have a credit card with them that I don't use often (and in fact I've been using all credit cards less). They reduced my credit line from $9,900 to $9,200, because of my limited use. They stressed that it had nothing to do with my credit report or any factor other than that the amount I charge is so low. I don't mind, and in fact was thinking of cancelling the card and picking up a different card with a sign on bonus. I was just surprised.

Went off the reservation today and ordered pizza for dinner. I had a menu planned but didn't focus on it, and it was oh so easy to say yes when hubby suggested it. Back on track tomorrow!

Unrelated to money (and despite the pizza), I'm down a whopping 6 pounds since January, on track for my goal to lose 24 by year end. It's all the healthy eating!

No other great money news, just waiting for the end of the month.

6 Responses to “Credit Line Reduction”

  1. Carolina Girl Says:
    1361327546

    Don't you just love credit card companies - but the joke will be on them...less access to credit is a good thing. Smile Great news on the weight loss.

  2. Thrifty Ray Says:
    1361328861

    Congrats on the weight loss progress..that is so tough to do (at least for me)..ANd a whopping 700 reduction...lol Im sure that helps Citi somehow..er...

  3. creditcardfree Says:
    1361330271

    Congrats on the weight loss!

  4. PNW mom Says:
    1361332532

    What an odd amount to reduce it to....congrats on the weight loss! Smile

  5. Treeluva Says:
    1361343208

    I have had about 4 cards in the past 2 years cancel my credit lines with them because I wasn't using their cards. At first I was concerned that my credit score would be impacted - but it never really did. And since I wasn't using those cards anyway (stupid debt!) it was much nicer to not worry about the account info being stolen through identity thief or my using them in a moment of weakness.

    Congrats on losing weight! I find the more debt I unload, the more I can focus on my weight goals... its like a physical transformation!

  6. FrugalTexan75 Says:
    1361413758

    That is a silly amount of reduction. I wonder how they came up with the figure?

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