5/3 Bank - Fifth Third Bank
Reduced Credit Limit under current balance WITHOUT NOTIFYING ME

I have a Fifth Third credit card (worst mistake ever) that until very recently had a credit limit of $1000.

On the last statement, dated through 9/20, the credit limit was still listed as $1000. I was about $50 from the credit limit at the time and had been wanting to pay it off, so on 10/5 I made a payment of $100 and on 10/8 a payment of $200, bringing the total around $650.

Here's where it gets good... On 10/12 I made a purchase of $120, bringing the total to $770. Apparently sometime between then and 10/14 they reduced my limit to $700. I learned this on 10/14 when I tried to make a $1.04 purchase and the card was denied twice.

This is extremely ridiculous given that they didn't call, email or write me about it. I mean at least they would have been able to have something to lean back on if they had included it in a statement or something but this method is completely unacceptable.

I had already planned to pay another $200 today, which I have done already, bringing it below the new limit, and I'm hoping they don't charge me any overlimit fees or post it to my credit, otherwise they have a hell of a firestorm coming. I'll update when new details are available.

Company: 5/3 Bank - Fifth Third Bank
Country: USA
State: Ohio
City: Cincinnati
Address: 38 Fountain Square Plaza
Site: 53.com

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