I have been followng the tread on Credit card rejections, and found it quite interesting.
WOuld like to elicit views on a sort of "ulta" experience.
I have a Citibank card, and once or twice a year, Citi automatically increases the Credit Limit by abt 20-30%!
The first time, I sort of preened at this overdue recognition of one's worth!, but the second time I called up Citi and complained about increasing my limit without asking me.
Couple of months later , comes along another increase, and I called up and roundly abused the poor call centre girl.
who immediately reduced the limit back.
They have done it againa few days ago, and Im considering whether
a) to take them to court
b) "lose" my card , spend upto the new limit,
and refuse to pay for anything above the original limit
Im unsure of the legal status of their unilateral increase of limit.
Am I still liable if I lose the card, and somebody maxes it?