Well, I go to my mailbox today and and pull out a letter from Citibank which read as follows:   “Following a recent review of your account, we regret to inform you that your Sears Premier account has been closed”, then it goes on to state the same old industry reasons that the credit card industry uses – delinquency, etc. Mind you, I haven’t had any delinquent accts in almost 3 years – with the exception of my car loan that matured in July 2008, but wasn’t paid off til October 2008 so this considered this 60-90 days past due.  Right now, I am just waiting for some old delinquencies and judgements from 2006 to fall off at this point. Now mind you, they lowered my limit back in July 2009 ago from $1200 down to $400 so the card has just been sitting in the sock drawer for most of 2009/2010.  What really bites is that this was my oldest trade line, going all the way back to 1990 when I was in college.  The crazy thing is that my credit score is higher now (647 EQ, 641 TU, 643 Fako EX from Freecredit.com) than what it was when they lowered it in July 2009.  So now I have my oldest trade line gone and it will show that it has been closed by the credit grantor – man this bites big time!!!  But, I know that Citibank is nothing but a skunk of a company anyway to a lot of us, so I will be calling Children’s Place (also a Citibank Card) to close them before they do me wrong too!!   Just had to vent for a bit, but I appreciate all of the advice that I have gotten from these boards because it has actually helped me to raise my card and qualify for credit cards from Barnes and Noble and IBC (both Barclays issues cards) with limits of $2500 and $1000 respectively (in addition to a couple of department store cards) and show me that there are still credit card companies that value the actual customer, not just our past bad history.   Keep of the good work fellow consumers!!!

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