Gm card issued by hsbc nevada
Received a cut in credit limit for paying on time and no late payments reported on Trans Union
I was notified that my credit limit was being lowered. I called to inquire why and was thanked for being a loyal and valuable card user for over 6 years. I was told that I had no late payments on record for the last 24 months and no report of any from any other card issuer. However, because I use my card frequently and do not pay what they think I should they feel they must lower my limit. I always pay over the minimum payment on all my accounts and always on line and schedule them to arrive on the day due. I will stop using this card and report that I feel they are not a worthwhile card to carry. I only opened it for the reward points, but found with a reasonable interest rate, I like to use it whenever I can, but no more. The will not be in business I hope for much longer with this type of customer service and care.