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AIBU?

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Original poster

To be pissed that Barclaycard decreased my credit limit?

108 replies

BusyGreyCat · 27/10/2024 13:19

Got a notification today that Barclaycard has decided to lower my credit limit, and honestly, I’m pretty annoyed. I haven’t missed any payments, and my credit score is fine, so this feels like it came out of nowhere.

AIBU to think it’s unreasonable for credit companies to make changes like this without any warning? Has anyone else had this happen recently? I get that they’re trying to manage risk or whatever, but it feels like a punishment when I’ve done nothing wrong.

What would you do in this situation? Any tips on getting the limit restored, or should I consider moving to a different provider?

OP posts:
Original poster
BusyGreyCat · 27/10/2024 13:27

TeaAndBrie · 27/10/2024 13:21

Were you close to the limit?

Nope, not even close! I’ve kept a decent buffer, which is why this feels so frustrating. Just can’t figure out what triggered it.

OP posts:
Thewindybaby · 27/10/2024 13:27

Why does it matter though? If you’re not using it?

Stars1979 · 27/10/2024 13:27

Did you receive a letter to explain why?

Original poster
BusyGreyCat · 27/10/2024 13:26

HalloweenHaribo · 27/10/2024 13:20

That sounds strange, I wonder if they've done a random credit check?

Yeah, it does feel out of the blue! I thought they only did that if there were issues with missed payments or a drop in credit score. Maybe they’re tightening limits across the board? I’ll reach out to see if I can get some answers.

OP posts:
TentEntWenTyfOur · 27/10/2024 13:26

Halifax did that to me. I had a £5k limit, and they reduced it twice, first to £3k and then to £1k. I suspect that it was because I didn't spend much, hardly used it and always paid it off on time. I only used the credit card for things like holiday deposits, furniture and large kitchen appliances to get the protection offered by the card, and presumably I wasn't spending enough or paying them any interest so they decided I wasn't a customer worth bothering with.

Mrsttcno1 · 27/10/2024 13:24

There is always a reason and it doesn’t have to be missed payments. It can be decreased if you’ve only ever been making the minimum payment on the card, it can be if you’ve got multiple transactions that look like cash withdrawals, it could be if you’ve recently taken out new credit even if thats a car finance and you can afford the payments. It’s never for no reason at all.

TeaAndBrie · 27/10/2024 13:21

Were you close to the limit?

HalloweenHaribo · 27/10/2024 13:20

That sounds strange, I wonder if they've done a random credit check?

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