I applied for a Lowes' Credit Card and was given a 2000 dollar credit limit, which I paid off less than a year. I then received a letter the following month and found that my credit limit was lowered to 100 dollars.
I suppose once Synchrony Bank realized they didn't receive enough interest from the duration I had a balance, they lowered my credit limit. At one point in time , a person was praised for their responsibility , not punished for it. America has tragically changed.
The letter which provided an explanation for why my credit limit was lower basically said- You maxed out your card too quickly , had it for too short period of time and paid it too soon. So , thank you for the big ***
Product or Service Mentioned: Lowes Credit Card.
Reason of review: Problems with payment.