Bank One
And Fleet Bank Credit Cards credit limit was reduced with no reason or justification ripoff

After having a credit card with Fleet Bank for over 3 years with not one late payment, I experienced a problem after the buyout from Bank One. My limit was about $10,000 with no problems or late payments ever. After the buyout by Bank One, my limit was reduced to $1,000.

I was not informed or given a reason for the reduction. I called to inquire and was given no reason. My credit score has always been over 700, of which I told them this. Since they could not give me a reason, I closed the account. Not since that day have I recieved a letter or call from Bank One.

I believe the reason is this: right before I discovered the reduction in my credit limit, I had made a large payment in an effort to pay the account off in full. Immediately after I made a large payment, the limit was reduced. Bank One refused to admit that this was purposely done on their part, but the coincidence is obvious. I was no longer a profitable client if I had a low balance. That's why they were no longer interested in keeping me as a customer.

Please write if you've experience this also.

Company: Bank One
Country: USA
State: Nationwide
Phone: 8004323117
Site: www.bankone.com

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