“Is Chase a bank in a panic? Cut credit limit then notify you later?”

I have been a Chase customer for years and had a huge credit limit I never could get close to needing (not quite $35,000). I have a second card issued to my uncle, who had my permission to use it to pay for a car repair.

I recieved a phone call saying my card had been rejected. I couldn't believe it, but paid with Discover on the phone and went home. I'd received my statement around a week ago and everything looked fine. I go online and find they have slahsed my credit limit so I now have less than $50 credit with their bank. Notification came in the mail only today.

They've destroyed my credit score I am sure. They are losing me as a customer. Be wary of this bank, they seem to be making odd decisions right now.

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