4 {{ upvoteCount | shortNum }}
4 {{ upvoteCount | shortNum }}

Anybody Else Seeing Massive Credit Card Declines This Past Week?

by Adam G. Katz
3 replies
Our credit card declines have tripled or quadrupled in the past week. Anybody else seeing the same thing?

I'm wondering if there was a big hacker event and one (or more) of the credit card companies issued new cards to thousands of account holders?
#card #credit #declines #massive #past #week
  • Profile picture of the author DeborahDera
    Do you have a lot of people suddenly hitting their card expiration dates?
    Signature

    [B]Web Articles & Content * Blog Content * High Quality PLR

    {{ DiscussionBoard.errors[8570643].message }}
    • Profile picture of the author Adam G. Katz
      Originally Posted by DeborahDera View Post

      Do you have a lot of people suddenly hitting their card expiration dates?
      No. We looked into that, but the CC expiration dates are all over the place. So, doesn't seem to appear to be the issue.

      Was just wondering if one of the big CC companies had canceled a bunch of accounts recently, like Advanta did in 2009 when they dumped 1 million accounts, overnight.
      {{ DiscussionBoard.errors[8570684].message }}
      • Profile picture of the author NewParadigm
        Originally Posted by Adam G. Katz View Post

        No. We looked into that, but the CC expiration dates are all over the place. So, doesn't seem to appear to be the issue.

        Was just wondering if one of the big CC companies had canceled a bunch of accounts recently, like Advanta did in 2009 when they dumped 1 million accounts, overnight.

        i wouldn't be surprised, we have a bigger than 2008 credit crunch coming soon. A key tell is rapid retraction of credit.
        Signature

        In a moment of decision the best thing you can do is the right thing. The worst thing you can do is nothing. ~ Theodore Roosevelt

        {{ DiscussionBoard.errors[8570782].message }}

Trending Topics