Shel_B
Site Donor 2023
- Joined
- Aug 7, 2020
- Messages
- 5,167
I have a card thru CitiBank that had a 6,500 credit line. Before leaving on my cross-country trip, I asked for an increase (just in case I had some problems). I was turned down and was told that I was at the maximum for that card. When I returned from the trip there were a few thousand in charges on the card and I'd not yet made any payments on it. Because of the charges, my credit score dropped substantially. Last week I received a notice from the card company increasing my credit limit by about 35%.
Why might they have done that after turning me down when my score was high (above 800) and then owing a large amount and not having made any payments and my credit score was lower? I'm just curious about the reasoning.
Why might they have done that after turning me down when my score was high (above 800) and then owing a large amount and not having made any payments and my credit score was lower? I'm just curious about the reasoning.