This is a very disturbing trend... I think everyone affected should be writing to the office of the CEO to let them know that the "credit mgmt department" is basically out of control and unchecked... They are killing off customers with excellent credit for no real reason, simply because we did a BT that they offered? Something is wrong with that picture... They should cut off the BT offers, not all the accounts!

Technique said:This is a very disturbing trend... I think everyone affected should be writing to the office of the CEO to let them know that the "credit mgmt department" is basically out of control and unchecked...They should cut off the BT offers, not all the accounts!

I start:
"Dear God,
Please forgive me as I sinned: I recently took advantage of one BT targeted offer.
Please reopen my accounts as I will dwell on the sin and let the sin define me."

My Citi A/A so farposted in the Severe Adverse Action from Citibank thread and in my own AOR thread
Sorry to hear this but I'm glad to hear all these data points on this situation and that it didn't just happen to me. Hopefully we can learn from others' handling of this and benefit from it.
I had reported on my experience nearly 2 weeks ago here in my thread.
Here's an update (also posted in my thread with some other updates too)) on the letter I got, steps I've taken so far(removing inqs), and plan I have of dealing with it as well as a summary of the accounts that were closed:
Ok, I Finally got my letter from Citi(Early Warning Services is the name of the dept on the return address label of the letter) 2 days ago, and the reason stated for the closing of my 4 accounts was "specifically, too maopened accounts were on your credit bureau report" , even though I haven't opened any new personal accounts on my credit report since December, and those were all visible when they approved my Citi Business PremierPass card in Mid March. They also stated that for them to reconsider the closing of the accounts I need to give them a new copy of my Equifax credit report within 30 days of the sending of the letter(April 8).
My plan for A/A reconsideration:
So as of yesterday I have gotten all of the 7 Hard Inqs off my EQ report so there are 0 Inqs on there and the only negative is that since they last pulled my report, my reported debt has increased by ~18,000 as my AMEX IN:LA Balance reported 2 months after I initiated the BT. I don't plan on paying that debt off right now. I realize they told me I had too many accounts and not too many inquiries (as alot of other people are reporting being the cause of their A/A here and here, but this puts me in the best light possible(aside from paying off that AMEX BT), so I'll hope this be enought to convince them to reopen the accounts and hopefully not lessen the lines. I plan on calling Citi to see if they can just pull another EQ soft inq or if I have to physically send them my updated CR.
As a summary here's the accounts they closed and the stats on them:
Citi mTVU card............$2,000 CL....$580 reported balance....~2 years old
Citi Professional.........$1,000 Cl....$0 reported balance(though has -$23950 from other BTs currently)....4 months old
Citi Business Card........$29,100 CL...$26,700 balance(at 0% thru November so I'll keep paying the minimum on it)...4 months old
Citi Business PremierPass.$1,000 CL....$1 reported balance(just 1st purchase though I haven't gotten word on the TYP account for this yet...1 month old

peteypablo said:This is why I have tried not to become dpendent on 0% credit cards.

No one should ever become dependent on 0% credit cards.

Advanta (business) reduced limit to ~ $500 above my balance (0% BT) and increased purchase APR from 7.99% to 26.31%. Probably due to a semi-annual review (I opened 6 months ago). Reasons: 1) time since most recent acct opening is too short, 2) too many inquires in the last 12 months (pulled Experian). I'm pretty upset about the crazy APR bump, but don't care enough to call.

icculus631 said:Just a question the people who had there accounts closed. where they accounts that they owed money on. I am just wondering if you already have an outstanding debt with 11 months left of the promo are they canceling them and then forcing you to pay the money back immediately.They can't force you to pay back immediately -- you can pay according to your latest card agreement.

Barclays (Juniper National Parks) closed my only card with them after 1 week siting "Too many new accounts in the last 6 months" and "Growth rate of debt is too high". This was right on the heels of an AOR. Be careful with those guys. Looks like they do a second soft pull after issuing a new card to make sure you didn't pull an AOR. I don't think I'll bother with them again. It's always more hassle with Barclays.

Washington Mutual closed my card late last month due to the following:
"Proportion of balances to credit limits"
"Amount owed on revolving accounts is too high"

Their own measurement shows $36,000 utilized, for a total overall utilization of 28%.

3 cards utilized to approximately 69%, one to 45%, one daily spender which shows 2/3 of high balance, the others 0

All paid in full

3 inquiries transunion (which they pulled)

I performed Mini AOR in Jan 08. After AOR I have total 14 cards (4 cards for about 7-8 yrs + 10 new cards)
My total credit line after AOR is about 160K. I am using 100K out of it.

I recently received a letter from Chase on 2 of my account saying that after careful consideration, they have decreased my credit line for:

- Balance owed on revolving accounts too high
- Too little available credit on accounts

Is there any thing I can do?

One of the chase card is with me for couple of yrs with credit line of 6.5K. During AOR I got chase card with credit line of 21K.

I have not been using chase card with 6.5K limit after I got new chase card as it has 1% Cash Back and 0% APR on all purchases.

21K got reduced to 13.5K
6.5K got reduced to 2.5K

Anything I can do? I have been following and reading AOR threads. I am surprised how this happen to me?

Any suggestions?

careyo said:I just got capital one line of credit reduced from 35k line to 5k, due to inactivity. I don't believe for a second that "inactivity" is the real reason. More likely its the multiple inquiries combined with that amazingly large (for cap1) line size.

Would appreciate details on how you obtained a single $35K line. I have over $150K with them, but no single line exceeds $30K, and I haven't heard of one doing so before your post. TIA.