Barclays PLC Credit Card Complaint

Credit line increase/decrease

Barclays PLC Credit card department,

Credit line increase/decrease West Virginia

I have had a - Credit Card issued by Barclays Bank for years. I travel frequently as my work requires. I get paid at the completion of a project which can be many months so my credit utilization goes up and down. I have never missed a payment. Barclays recently reduced my credit line by $4100.00 without any notice what so ever citing my credit utilization as the reason. This left me with about $200.00 in credit available and a disastrously tumbling credit score due to now even higher credit utilization. I see from other consumer complaints that this is not an unusual practice for Barclays. Due to the impact on consumers credit scores this practice of bait and switch ( here 's a great credit limit for you but we will take it away if you actually use it ) should be somehow regulated.

Barclays PLC customer in West Virginia
Sep 08, 2016

* Source: CFPB Complaint Database

Barclays PLC response to complaint:
Closed with explanation

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