Like many Americans, I have too much credit card debt. At least I’m lucky in that I have a job that pays well and still have that job (knock on wood) and I can afford to pay down my debt.
As background, I have three cards, only one of which I normally use for anything anymore. I’ve been paying off the other two, but I do need to keep one card open for business travel. My company reimburses me for the travel after I submit an expense report and receipts. This card has a relatively low rate and a consistent balance, and I use it for travel since they are good about not adding fees or screwing me on exchange rates for foreign travel.
Of the other two cards, both had pretty high balances, but one is now almost paid off and I should close that card out in the next few months. The other I’ll discuss in a bit.
But yesterday I decided to get my kids a couple of computers for birthday/Christmas stuff, and ordered a couple of computers from HP, a laptop and desktop. I put it on my travel card, which was probably a bit of a mistake, but I have enough available credit on the card to comfortably fit both and still have room for my travel expenses for the next two weeks. As a side note, my expenses are normally in the $1000/week range, and I pay that back immediately, plus some, and have been inching down the overall balance on this card as well.
Anyway, this morning I got a note from HP saying that the Order was rejected because of the Credit Card, so I went on and checked the balance. It was the same as before, but the CC company lowered my available credit between November 11th (last statement) and yesterday to be equal to the current balance. What’s more strange about this is that they just sent me, two days ago, one of those “here, take some more credit with these convenient checks” junk mails. So, on one hand, they want me to rack up more debt, but on the other, they don’t. I guess it’s fair, they’re the boss, they can do what they want, but I find it annoying. No notification about that either. Just suddenly went from $3,142 available credit to zero (and now that I look again, I have $133 available credit). Weird.