[Resolved]  Standard Chartered Credit Card — Reduction in credit limit

Hello,

I had Standard Chartered bank's Gold credit card which had 117000 credit limit when it was issued.
I was making its use to a good extent and was paying the dues on time.

Suddenely on a day I lost my card so I applied for a new card. This time the credit limit, without
any intimation was reduced to 83000.

Again in 1st week of May 08 I recieved a letter from the Bank stating My credit limit reduced to 10000.
I had made the full payment of the outstanding dues of nearly a lakh rupees at a go but this bull bank with out any intimation reduced the limit and when I called up the customer care, they had no answer to it. The only line I got to hear is that this is Banks cconfidential policy and cannot be disclosed to the customers.

I will really advise you all not to go for this pathetic bank's products.