So I decided to get an eBay credit card because I use eBay frequently. I had a modest credit limit on it +/- $3000.00.
I had planned on using it on my family's vacation over Independence Day 2009. Well vacation came upon us and we were
enjoying ourselves. When I used my eBay credit card from GE MONEY BANK to cover some groceries I was STUNNED!
GE MONEY BANK decided to reduce my credit limit to $125.00, well groceries for 8 people are over $125.00, and I overdrew on
my credit limit. Well I would not have if I had known about the reduction on the credit limit. So, now I have to contend with
what will most likely damage my credit score. I have struggled to bring my score of 750 up from the lower #'s.
What the hell are consumers expected to do? Go after the banks? Not in todays economy. VERY POOR PRACTICE!
I STRONGLY URGE YOU TO NOT APPLY FOR CREDIT FROM GE MONEY BANK.
It is your credit they will destroy, not theirs.