• Report: #193221

Complaint Review: Bank One

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  • Submitted: Thu, May 25, 2006
  • Updated: Thu, May 25, 2006

  • Reported By:WEST MELBOURNE Florida
Bank One
www.bankone.com Nationwide U.S.A.

Bank One And Fleet Bank Credit Cards credit limit was reduced with no reason or justification ripoff Nationwide

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After having a credit card with Fleet Bank for over 3 years with not one late payment, I experienced a problem after the buyout from Bank One. My limit was about $10,000 with no problems or late payments ever. After the buyout by Bank One, my limit was reduced to $1,000.

I was not informed or given a reason for the reduction. I called to inquire and was given no reason. My credit score has always been over 700, of which I told them this. Since they could not give me a reason, I closed the account. Not since that day have I recieved a letter or call from Bank One.

I believe the reason is this: right before I discovered the reduction in my credit limit, I had made a large payment in an effort to pay the account off in full. Immediately after I made a large payment, the limit was reduced. Bank One refused to admit that this was purposely done on their part, but the coincidence is obvious. I was no longer a profitable client if I had a low balance. That's why they were no longer interested in keeping me as a customer.

Please write if you've experience this also.

David
WEST MELBOURNE, Florida
U.S.A.

This report was posted on Ripoff Report on 05/25/2006 07:20 AM and is a permanent record located here: http://www.ripoffreport.com/r/Bank-One/nationwide/Bank-One-And-Fleet-Bank-Credit-Cards-credit-limit-was-reduced-with-no-reason-or-justificat-193221. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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