Originally Posted by
ChrisFlyer66
I was just trying to say it is not really a $2000 loss (maybe a loss, but much less than $2000). I wasn't disagreeing with anything else you were saying or suggesting. I absolutely agree that cycling your credit limit can lead to shutdowns, especially with Citibank.
I agree with you. You can certainly calculate the true "economic loss" and more. Some of the large banks, like Citi, BA and Wells Fargo are known to be pressing very hard on those credit card portfolios to generate profit. The cost cutting will certainly gets into the credit card payouts.