I have held a Macys charge card since 1994. With the exception of one or two times, all my payments have been timely and at least the minimum.
On October 10 I went to charge a $90 jacket and my card was declined. The Macys clerk called the customer service line and I was told that I had a "guideline" put on my account for $75.00.
After 2 more phone calls and my card declined, I got a customer service rep who explained to me that:
- MACYS lowered my credit limit to $75.00 in June because of MY OUTSIDE CREDIT RATING - completely UNRELATED to my Macys charge (I have outstanding medical bills from an accident)
- The rep informed me that MACYS was under no obligation to inform me of the decrease on my credit limit
- She also let me know that because my credit limit was reduced to $75.00 (what can you possibly buy from MACYS for $75.00???), I was now $300 OVER my credit limit (my balance was $380).
I told her to close the charge account b/c I'd NEVER shop there again!!!
BEWARE! If you have any sort of a low credit score, MACYS will decrease your credit line WITHOUT telling you!!!
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