Jump to content

Sign in to follow this  
JasonCA

Locking In Credit Limit

Recommended Posts

Hi Everyone,

 

When calling a credit card company when applying for a credit card and they state your max credit limit, can they change the credit limit (perhaps lower it) in the period that the card is being mailed to me? For instance, say I apply for a credit card and they tell me over the phone my credit limit is $4,000 (for example only). Then in the period of time before the credit card company mails me the credit card I make a big purchase. Will the credit card company perhaps send me a lower credit limit card then the one stated over the phone (simply because I purchased something big that affected my credit history)? Or, is it that once they tell me what my credit limit is, that it's preety much solid in stone that the credit limit will be as such by the time I recieve it? In other words, I just want to make sure that if they say the credit limit is $4,000 over the phone....that by the time I recieve it it is still $4,000 and not some lower credit limit?

 

Thanks! :aggressive:

Share this post


Link to post
Share on other sites

They can do whatever they want with the limit, there are no guarantees.

 

I'd think that if they said you'll get 4K then you'll get 4k though. Changing it that quickly after approval is unusual.

Share this post


Link to post
Share on other sites

HOw would you make a big purchase with it before you get the card? It wouldn't even be activated yet?

 

IF you're talking about a big purchase other than on the card then they wouldn't even know about it.

Edited by joshbgosh

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  




  • Today's Birthdays

    1. trent101
      trent101
      Age: 52
    2. Brog
      Brog
      Age: 57
    3. BrentN
      BrentN
      Age: 49
  • Member Statistics

    • Total Members
      177,987
    • Most Online
      2,046

    Newest Member
    BaxterStJ
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines