Visa Credit Limit Revoked & Credit Rating?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Visa Credit Limit Revoked & Credit Rating?

Postby creditcardhelp » Fri Jan 29, 2010 2:54 pm


Can someone please be kind enough to explain how if credit limit is revoked on visa card (credit limit is now $0 due to credit company making it $0) affects credit rating?

Is this considered a "charge off" account? I spoke with visa they said its not a charged off account, its considered "credit limit revoke".

However, I cannot use the credit card and would have to reapply for a new one. Does anyone know how this affects credit rating? And for how long?

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Feb 13, 2010 9:29 pm

Did you post this same question in another part of the forum?
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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