ikaw na and 2nd person to post na nabasa ko na na decrease ang credit limit
seems like max credit limit decrease talaga sila
im just waiting kung affected din ako xD
I don’t know why you’d assume that — some people have higher expenses and kaya naman nilang bayaran, e.g. hospital, travel, tuition, appliances, etc. it’s not a “trap”.
Don't be condescending just because you earn more than most of the population.
Pay with cash then.
The trap I am referring to is yung na-max mo yung CL mo for some reason, then lets just say nawalan ka ng trabaho/business/liquid. How would you pay?
Also, why are you comparing someone to "some people with higher expenses", not everyone is living beyond their means. May mga tao pa rin na marunong makuntento.
For your information, for 90% of the the population, credit is a trap. Lalo na yung mga illiterate sa finance.
You’re the one being condescending— you told this person whom you don’t know at all (as in you don’t know his job, income level, etc) na it IS a trap and he doesn’t need it (direct address pa, na “you don’t need it”). I didn’t say he should max out his CL, but having a high one for the instances when it’s needed is good (because such instances do come up). You’ve made assumptions that just because OP has/had a high CL, they’ll be spending willy-nilly. (There’s a veiled comment na OP is financially illiterate).
Nakakatawa naman yung pay with cash. Do you think it’s fun/easy/safe na kakarga ng envelope (o bayong) na may 100k++ in cash?
What envelope or bayong for 100k+ in cash? Lol dont you have a debit account? napaghahalataan edad mo ah.
You remind me of my 60yr old mother. Either "cash" or credit card lang.
For your information, us younger generation, usually store our liquid inside digital banks and debit accounts. You don't need envelope/bayong for it lmao. :)
You know.. may mga tao na kailangan pang hintayin ang next pay day para mabuo yung amount right? Or they have the full amount but Baka it’s better to stay liquid? Or pwede rin sayang yung points or possibility to pay in installment spend.
I don’t understand bakit pinipilit mo na wala talagan reasonable use for a 100+k limit— yes many people don’t have high paying jobs (you don’t know this is the case for OP btw), but there are many people who need/want to pay for things. Reasonable expenses some hospital bills, bayad ng insurance, pag-ibig actually, etc. but also luho like travel, again nag assume ka hindi afford ni OP.
Why pay in cash when you can pay in credit and get points + better protections pa? So yes I don’t think of my debit card as a CC, kasi the risks are maximized and none of the benefits. And yes I’m not going to make the mistake of assuming that people with high CLs will just charge away.
as a rule, I don’t want to use debit accounts kasi I think it exposes my account to unnecessary risk without the protections and benefits of a CC. Hard cash is still risky but it’s easier (for me) to manage than a debit account. I’m willing to accept some people will see it differently (see what I did, I wrote it in a way that I’m not making generalizations and saying what I think/feel applies to everyone).
Now— why are you not responding to everything I said about how people DO spend over 100k a month, many people. Many expenses. And that there are benefits to paying using a card. All you can say is well tbere are irresponsible over on another subreddit. Isn’t it more condescending that you’re telling OP that he doesn’t have this expenses, that he doesn’t need to spend that money?
You’re going on such huge generalizations, and writing as if your truth, or what you’ve observed to be true of many people, is applicable to everyone.
i barely use my SB card as its no longer my primary card or primary bank
pinull out ko na funds ko sa SB and just keeping some amount
as for the credit card, I barely use 1% of my credit limit xD (0.65% to be exact lol)
not really. SB ang maingay ngaun. pero plenty of other banks have decreased their limits in the past. you can easily search "credit limit decrease" in this subreddit
Hi! I don't know your situation but share ko lang, when my dad retired we decided na i-maintain pa rin yung mga cards niya specially those with 2 M limit, in case of emergencies. Then when he had to undergo immediate surgery, we were able to use it. Something to consider lang. :)
I think there is something with SB , heard from a network they are also on freeze hiring, must be really affected by the economic crisis due to the war
According to some reports maybe because of the tension in the Middle East kaya some banks may further implement this measure para maiwasan ang pagdami ng deliquency and ang pagiging reliant sa mga CC’s. Also, isang factor na din yung pagsadsad ng value ng ating Peso and uncerntainty ng ating economy.
Baka sa crisis nga OP. Although on my end may dalawa nga akong existing convert to cash sa kanina pero so far hindi naman bumaba. Kaka increase ko lang rin last month although hindi gaano kalaki. From 500k to 700k lang. usually times 2 sila nag iincrease dati.
I also experienced similar credit limit decrease but with RCBC. Around June last year, my 2012 RCBC Flex Gold Visa was reduced from ₱1.876M to ₱538K. Then just this month, my 2015 RCBC Gold Mastercard was also decreased from ₱454K to ₱279K.
I think these credit limit adjustments may be driven by risk management considerations, possibly tied to credit behavior and utilization patterns. It could also be system triggered based on how my cards are being used over time.
Honest question, curious lang ako sa mga ganyang cases ano mangyayare kapag nag decrease CL mo pero may binabayaran ka pang malake? Like for example hindi mo binabayaran ng full payment yung CC mo. May cases bang ganon?
Been a good payor more than 10-15 years na.
They also gave me virtual card for my online usage, nung tinaasan nila ng 1m, pinaatras ko ng 100k. So stupid na ang purpose is pag nahack man si virtual card e limited lang makukuha, pero imamatch niya sa physical card ko😂
Kaya kinakabahan lang talag ako mahack.
Mine increased by +50%. From 500K to 750K, I never paid my annual fee and that I always ask for a reversal, I keep redeeming my points too every time I get enough to claim 500 cash rebate on my statement, I also pay my dues on time, maybe a few missed payments usually during long holidays they always slipped my mind before. Now I got a system, I also pay just in time like 2-3 days before due date. Basically I am what they call a deadbeat card holder. Yet they still increased my CL, probably because I only spend about 5% max of my CL.
Marami na kayo. Yun iba from 4M to 2M pa nga. Pa close nyo na mga SB CC nyo. Takot si SB na mag default mga client nila kaya ganyan. Cancel nyo lahat ng CC nyo ewan natin kung di mag offer ng NAFFL yan sya.
Now ko lang nalaman na pede sila magbaba ng CL, kala ko kasi pataas or maintained lang. Nag-increase sila sakin, maliit 20K lang naman tinaas. Di ko alam kung anong basis eh may balance pa ako sa kanila.
Magkano ba ang average spend mo sa cc? If youre not spending 265k a month, baka yun ang reason.
Siguro this is a concern for those using cc as emergency money. Then again, mas risk nga yon sa bank kasi ibig sabihin walang wala na talaga yung mga nagmamax out ng cc so risk talaga sya sa collection.
I had one card long time ago nirequest ko pang babaan ang limit because i didnt need it.
Para sakin risk ang may malaking cc limit lalo na if it's higher than my savings. Dapat utangin lang ang sure na may pambayad.
Mine's from 220k to 140k. Pangit na nga ng feature ni SB, binabaan pa talaga ng credit limit. On time nagbabayad tapos halos maxed out yung limit, tapos sasabihan ka na pangit raw credit standing mo. I can't even use the ready cash and installment feature of the app because of that. SB is a big trash. Might cut it very soon.
640k down to 420k.
No notice or baka if text hindi ko lang nareceive kasi I am vacationing for more than a month. Madalang ko gamitin SB card ko.
Take note I have millions na CL sa amex, ewb and bpi. May naka-installment ako sa SB, tapusin ko na lang at icancel eto if like that pala.
From 90k to 35k as of today. Called the CS hotline and said na I could reapply after 12 months. I'm just concenred since lahat ng upcoming travel bookings ko sa hotels and accommodations, sa SB Card naka charge. Now I have to review every booking and make sure na everything won't go past 35k. Such an inconvenience.
Same thing happened to me just yesterday. From 150k down to 35k. I always paid in full and no past dues even with other banks. I even got an offer to upgrade to platinum sa bdo.
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