Amex unexpectedly imposed a credit limit

[Seat0B]

My last 4 reactions have been . Loving hearing all these things that have happened to other people and how they have dealt with them.

 

[tinkybelle]

I double paid 1040 on a reserve card with a 3k limit( from when I was wanting a home loan and the bank made me change my limits) but I have the plat metal( they didnt like that at all and wanted me to cancel it I said no so no home loan)
nothing has been mentioned. on teh excess payment , its still in over credit as I dont use the card often.

 

[albyd]

I’ve found banks ignore charge cards but some do still have a look at how much you’re putting through so best to tone down spending on a charge card in the months before a home loan application.

Some lenders assume a $10k credit limit which isn’t as generous as nil but still pretty generous given where a charge card with some spend history can be run up to.

 

[tinkybelle]

Im an older person and though they say no discrimination,
there certainly is!
every bank I went to wanted me to take my Citibank from 25k to 3k( I said no 15k thankyou)
and 3 x amex from 15k to 3k and wanted me to cancel the plat charge
I said no
so they cut borrowing form 400k to 200k
I said no thankyou I didnt really want the loan except as a buffer as an older person.
but now im stuck with lower limits forever.
so now I really am stuck with paying 1450 a year for plat charge.