what gets me is I’ve made payments (minimum is 85) of 200+ per month, been told I’m an excellent customer yada yada, yet the decision to reduce the credit line reduction is final and irreversible..
I signed a contract with them for a specific amount of credit line which they arbitrarily reduced, I wonder how they’d react to MY arbitrary reduction of monthly payments to $20 per month..wanna bet they’d not like that???
I hear ya but do it and they will mess your credit up for life.
remember how little they fought at the new law doubling the minimum payment levels.
Essentially the credit card companies view your continued patronage as an ongoing credit application. every month/quarter you are really applying again so they can unilaterally make up the rules. (ie universal default, .999999999 withing usery laws, ..)