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Can someone please be kind enough to explain how if credit limit is revoked on visa card (credit limit is now $0 due to credit company making it $0) affects credit rating?
Is this considered a "charge off" account? I spoke with visa they said its not a charged off account, its considered "credit limit revoke".
However, I cannot use the credit card and would have to reapply for a new one. Does anyone know how this affects credit rating? And for how long?
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Green Member
- Join Date
- Jan 2010
- Location
- Canada
- Posts
- 5
Visa Credit Limit Revoked & Credit Rating?
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Centurion Member & Moderator
- Join Date
- Jun 2008
- Location
- Smogland
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- 1,400
Did you post this same question in another part of the forum?
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.
Current Cards: American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Citi Thank You Premier
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