I'll just pretend like I don't speak his language ;)

Ironically, here is my 2nd post.:o

All my accounts with Citi has been blocked this Saturday(I don't know if I should use the word "shut down"). Credit management didn't mention those you-know-what-it-is activity in my DC card. I did 1.5x CL per cycle though.

The reason they cite is they get an alert from credit bureau saying that I have lots of recent credit inquires (3 or 4 in last three months) and increased credit limits, not to mention I just got approved for Presitge. They specific mentioned I have more than 100K unsecured credit limit, creating great credit risk. Yes, I just go over 100k mark due to recent CLI and card improve.

Decision is not reversible. However, I did ask if they could reinstate my accounts once I lower my total CL. They said this is possible but it would result in another HP. Fine, at least it is somehow feasible.

This does reminds me of those poor folks who asked for retention offer but actually got card cancelled. Then to get those cards reinstated, it would need another HP as well.:eek:

P.S. I did remember starting from last week, when I make a payment for DC, the available credit won't immediately update. It does happened before and it took 10 days to clear. However, it won't change when I used another bank account. So I believe this is somehow connected.

Do you have a long credit history in general?

Average Age 1 yr 2 mos:eek:
Oldest Account 3 yrs 10 mos

Have been with Citi for 2 yrs 3 mos

Weigh this carefully before you ask for reinstatement of account and agree to HP, if you haven't done it. My friend just went through this, she was assured they will reinstate two of her DC accounts but it requires HP to which she agreed...only to get postal mail a week later saying that after careful deliberation, they decided to cut off their business relationship with her. She's livid up to now.

We asked her what may have flagged her account and she *thinks* it's cycling her $3K CL 8x and her recent venture into WMBP (she made six payments). It's now water under the bridge, she feels bad her CB that hasn't posted was forfeited :(

We should be aware that once our accounts get flagged for manual review and we know we've been using the card(s) for a lot of MS, we should realize the chances of re-instatement is very low so better not risk another HP.

Before she asked for reinstatement, did she do anything? Did Citi give any instruction or suggestion (or whatever it is) like in my case?

she didn't mention, we were more interested on what caused her account(s) to get flagged for shutdown. I know she reads FT, hopefully she chimes in.

Time to ditch Citi. They discovered that your business is not as profitable as laundering money through Banamex (even though your activity won't cost them the $100 million in fines they paid for getting caught money laundering).

There are plenty of other opportunities swirling on the horizon - its a Banknado out there.:p

Its not up to this "they" you spoke to.

Mind elaborate a little more?

She *thinks* cycling 8x along with WMBP might have raised a red flag huh? I think she might be onto something.

B@rclay shutdown :(

Any thoughts on the following:
1) Bonus: I have 2 cards that I met the bonus requirements, but have not received the bonus. CFPB to try and get the bonus?
2) Annual Fee: Hit with annual fee last month for 2 new cards. Wait or CFPB?
3) Arrival+ Current Balance: Its less than 20K points so not a ton, but whats the easiest way to get paid?

I'm guessing some others on here might have been in the same situation. Interesting in that MS was very minimal with Barclay recently. I was using it mostly for regular purchases. Maybe the regular purchases got me shutdown.

I've never had problems with Barclays and I've hit them pretty hard over the last two years. Additionally, I haven't seen many DPs here or elsewhere of Barclays shutdowns. I'd try the CFPB for the bonuses since you have nothing to lose at this point. Sorry for your troubles mate.

Ask Ariana Arghandewal from Pointchaser about her experience with redeeming points after all her Barclay CCs got shut down a few months ago.

Were you paying from a checking account?

Any CL cycling?