My husband has had a Providian credit card for just under a year now and just 2 months after opening the account his limit was raised (by them) from $2,00 to $3,000.
We just received a notice today that they are reducing our credit to $2,713 "as a result of the account and overall credit usage". He uses the card anywhere from 1-6 times a month, only once reaching credit limit and either paying full balance or minimum of $500 each month and always on time.
Have they done this because we actually pay on-time and are good customers and are being punished for that? I guess they only make money if they can charge endless fees/
A
Birmingham, Alabama
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