patrick.net

I got the same notification, though I noticed on my internet statement several days before that my limit had been rduced from $5,000 to $500. I have a 720 score, no late payments since a bankruptcy 8 years ago, and I throw a hundred on the card every month like you, just to use it. Otherwise, I was worried they would cancel me outright. I am fine with that as I don't need the credit and am pretty sure if I did, I could request for and get a raise in credit quickly. Good point on them going bankrupt soon. I had never thought of that angle.

Yes, the last time I had opportunity to check over a year ago my credit score was just over 800, if I remember correctly. I will not pay for my credit score and you can not seem to get it for free so I do not keep track of it.

I understand the formula that was used to lower my rate as they stated it clearly in the email, but the how is not the why, aka the reason. Clearly in my situation with Chase the need to reduce my credit limit was not based on my financials, but was based on Chase’s financials.

Clearly Chase has a need to shed good customer’s limits. This has to mean Chase is in trouble. What else am I to think?

Thanks…

Either that, or they are anticipating that you might soon be in trouble, (40% of Americans have been unemployed for more than 27 months) and they are hedging their bets.

Austinhousingbubble says

Either that, or they are anticipating that you might soon be in trouble, (40% of Americans have been unemployed for more than 27 months) and they are hedging their bets.

huh? You're saying that 4 out of every ten people haven't had a job in 27 months? Bullshit.

HSBC did that to me. But it appears they lowered the limit to protect me because I haven't used the card for ages. They did it just in case the card got into the wrong hands.

Very disappointing what Chase is doing. I have two accounts with Chase and have been with them since the old Bank One days. I have not received any letters reducing my credit limit.

I usually charge around $2K a month in both business and personal expenses. I pay off the balance every month. The last time I ran my credit score it was just over 800. I'm debt free and owe no one.

I wonder how much of a bailout Chase got?

My bank card was reduced from 7,800 dollars to 0 about one year ago.
I just got a new VISA card from my credit union for way less interest and no fees.
I only asked for a 5,000 dollar limit but could have gotten 50,000 from them with no problem.
Banks stink and I can't understand why everyone does not just join a credit union.

pinnacle says

My bank card was reduced from 7,800 dollars to 0 about one year ago.

I just got a new VISA card from my credit union for way less interest and no fees.

I only asked for a 5,000 dollar limit but could have gotten 50,000 from them with no problem.

Banks stink and I can’t understand why everyone does not just join a credit union.

I also belong to a credit union (military and retired military members). They are great and offer great products. What is interesting is the number of REO's they have. Last time I checked, one! They only do fixed 15/30 year mortgages. Either conventional, VA, or Texas Vet loans.

They KNOW you are going to lose your job if you haven't already, and stay unemployed for a long time.

This should not be surprising. There will be no "turnaround next quarter". Thus banks are looking at their liabilities and lines of credit open to customers and slashing them. They know that some of you will keep sitting in your houses trying to make the payments, and spending on your credit cards right out to the limit, so they are removing that option. They want YOU to be in debt on something collateralized they can go after. It's impossible to do much about $20K in CC debt so that's frequently a total loss for them.

Your feeling all HURT about it, is not something they care about.

tatupu70 says

Austinhousingbubble says

Either that, or they are anticipating that you might soon be in trouble, (40% of Americans have been unemployed for more than 27 months) and they are hedging their bets.

huh? You’re saying that 4 out of every ten people haven’t had a job in 27 months? Bullshit.

I believe what he meant was that 40% of Americans that are currently unemployed, have been unemployed for 27 months. Or another way to look at it, is 4% of American's have been out of work more than 27 months. If 40% of American's were out of work, it would make the Great Depression which topped out at 25% unemployment not so Great anymore.

So the question needs be be asked, if you have a $6,000 or $7,000 outstanding balance with Chase Bank and they reduce your credit limit to $500, giving your only 45 days to reduce your debt to your new credit limit, what happens then? If you have good credit, you could just open a new Credit Card and transfer the balance, but if your credit isn't so good, does that mean they can charge you an over your credit limit charge every month? Sounds like quite a new income stream for them.

tatupu70 says

Austinhousingbubble says

Either that, or they are anticipating that you might soon be in trouble, (40% of Americans have been unemployed for more than 27 months) and they are hedging their bets.

huh? You’re saying that 4 out of every ten people haven’t had a job in 27 months? Bullshit.

I believe what he meant was that 40% of Americans that are currently unemployed, have been unemployed for 27 months. Or another way to look at it, is 4% of American's have been out of work more than 27 months. If 40% of American's were out of work, it would make the Great Depression which topped out at 25% unemployment not so Great anymore.

So the question needs be be asked, if you have a $6,000 or $7,000 outstanding balance with Chase Bank and they reduce your credit limit to $500, giving your only 45 days to reduce your debt to your new credit limit, what happens then? If you have good credit, you could just open a new Credit Card and transfer the balance, but if your credit isn't so good, does that mean they can charge you an over your credit limit charge every month? Sounds like quite a new income stream for them. I'm sure they have to give you an Opt out offer, if you don't agree with the terms of change, you can opt out, have your account closed and pay off the balance under the terms of your original agreement.

SF ace says

Vain, they lowered your limit to protect themselves, not you, that is a letter crafted by a lawyer for damage control.

But it made sense in my situation since I remember they mailed me a new card a few years back. I have no idea where that card is! :)

I guess it works both ways in my situation.

Not just Chase, but Amex, citi, BoA... pretty much all major card companies did that.

$4000 to $500 is classic. $100K to $7800 is something else, but happening.
As others said, they are doing their part of demage control that has nothing or very little to do with you. You know, they are dead restless after the financial crisis.
Even a silly reason like, starting shopping at walmart rather than dept stores, one late payment, cash off the card, using over 40% limit couple times in few monthes... all those tiny things can raise red flag.

Yeah, it sucks. You never asked them giving you that much credit, but they gave you anyway. You never asked them cutting your limit, but they are doing it anyway. All depends on their reason, not yours.

The fact is that they are companies, not cherities or something that help you use free money at their cost. Lot of people forget about that and thinking they are worthy because the limit is high. Not really. They are just people who like to spend money with cards, and the card company let them use credit thinking they can get profit out of them.

SF ace,

Yes I am looking at this situation with emotion and there is nothing wrong with that. Many others need their credit cards more than I do and this will hurt them.

As for profits of Chase, I just watched a special on Enron the other night. While Chase is not Enron and a direct comparison may be unfair the fact is many successful and highly profitable organizations go out of business over night and without warning. Chase is not too big to fail and their past booked profits will not be power enough to save them from what is coming.

As for others that have concerns for my personal situation. The only debt my household has is two student loans and a small loan against a personal retirement account. I currently owe no bank any money for any other kind of debt of which I am aware. The loss of this credit card was not problem for me. Oh, I now have some money in savings too and while no job is going be secure mine will be secure enough, but if I lose it I will not be the first or last. I am willing to say even if I may be wrong I was easily one of their most financially risk free customers.

I actually wanted to cancel the card but did not want the hit to my credit score. Since they lowered my credit limit by $6500 I was already taking a credit score hit, so the time was right to cancel the card. My purpose for telling my story was so that others could realize that it is not only those with bad credit Chase wants to get rid of. Chase is lost and will not find its way back.

BTW, I have messages from a few months back where a Chase representative told me that the only legal way to notify a customer of a rate change to their Credit Card account was through mailed hardcopy (mailed, not good enough to hand it over in person). They implied all other notification methods would be illegal. So the guy that got notified of his card’s limit change via the electronic web site before hard copy was received may have been notified illegally at least accorded to the misinformation that Chase tried to tell me a few months ago. I had simply asked for an email notification/alert for when my variable interest rate changed in addition to any legally required hardcopy.

So I guess if this was all about emotion I would have landed on them a few months back when they seemly misrepresented information to me about legal notification of credit card policy changes. I have no faith in Chase's ability to support their customers nor stay in business past the end of the year.

Emotionally out of my mind...

PS I thought banks were now legally required to notify of credit card policy changes months in advance, not after the fact? They changed my policy then notified me; not a lawyer but is that not against the new rules. If I was too emotional I guess I could rant about that too, but I am sure I misunderstood the new rules or they found a loophole.

Wow, I am more emotional about this than I thought, but you know what I am ok with that and as one person suggested in this thread Chase does not care about me or anyother customer.

Enjoy...

The agreement at the time you signed up for the card in the first place undoubtedly had some variant of "We may change the terms of this program at our discretion." You probably didn't read it and ASSUMED they were required to notify you prior to changes when they are not.

From specific bullet points of my AmEx agreement:

We may change the benefits and services:
We have the right to add, modify or delete any benefit, service, or feature of your Account at our discretion.

We may change this Agreement :
We may change the terms of, or add new terms to, this Agreement. We may apply any changed or new terms to any existing and future balances on your Account, subject to applicable law.

Large banks, like any other corporate "person", would be judged as sociopaths. Sociopaths will do what they need to get what they want, but others are never "real people" to whom they feel kinship and automatically want to behave ethically towards. You are a unit for consuming their product.

Interesting.

Everyone bitches when banks give out bad loans and put themselves into a precarious situation.

Then everyone bitches when they reduce their credit risks.

In general, people don't need 25,000 in credit. The average person has 7 credit cards, assuming you're in semi-good standing, that is probably 5-10K on each, or 70K in unsecured debt. No one needs that much credit for daily expenses. Every card company was using "massive" lines of credit to attract customers, whether they needed them or not. It was almost like a sign up bonus. Look how much we trust you! $10,000 limit! And a $50 gas card!

If you're not using the card as a primary card, they're probably pulling that credit back in. If you're not using it as a primary card, then their sales ploy failed, and they're trying to now cover their liabilities. If you all of a sudden started using their card in earnest, I'm betting it's due to financial problems!

A bank isn't cutting back credit limits because they're in danger of going under. They would cut limits on people who are using their cards, and try and get them to pay them back FASTER, but cutting back the credit limit on a card not being used, does nothing financially for them, other than cut potential future risks. Sounds like a good business practice to me! Sounds like a financially responsible act to me!

I've always viewed credit cards as for daily expenses so that you don't have to carry cash. Not once have I ever thought about using money I did not have. Those teaser APR rates never appealed to me. APR's could be 500% and I would not notice.

Between lower pay, fewer work hours, lower interest on savings accounts and reduced credit
limits I would estimate that the Obama "stimulus package" has gyped the average middle class worker out of about 20,000 dollars in buying power even though they keep telling us nobody making less than 200,000 will have their "taxes" raised.
Whether it's called a "tax" or not when government policies take money out of citizens wallets it's a tax.
Credit utilization is down by another 11 billion dollars and all I have heard in the media for months is that we have "stabilized" and will soon have a consumer financed recovery.
Sure.

Anyone "tapping" their 70,000 in credit card debt is in trouble. Like tarkin said, if he wanted he could get the credit back in a heart beat. If he needed it, they would give it back to him. They just don't want someone to have 7 credit cards out there with 5-10K lines on them, when only 1 is being used. If it's not their credit card, they want to limit their liability. If tarkin decided to start using that card as his primary card, they would probably push it to 10K right away without blinking an eye. But if it's just a backup card, in case of emergencies, they aren't interested in being one of the 6 cards being held in reserve in case of an emergency. They want to be the primary one that holds some debt, collects interest each month and has payments made.

Interest rates are insanely low! You're right pinnacle. They want you INVESTING that money, not sitting on it. If you had taken it and put it into the stock market, you would be up like 15-40% year over year! Thats far better than the 5% they dropped the rates from, and obviously better than the 1% you get now. If someone had switched strategies, they could be *FAR* ahead of the game with their savings today and would have had far MORE money to spend! You can thank obama for that, unless you just held money in non-interest baring account.

Reduced credit limits isn't reducing anyone's wealth, it's reducing their ability to really get into debt. It's money they never had, and would have eventually had to pay back.

huh? You’re saying that 4 out of every ten people haven’t had a job in 27 months? Bullshit.

Right - it is bullshit, but not in the way you mean.

This according to the rather excellent Automatic Earth blog:

"More startling, the problem is markedly worse in this recession than even in the deep slide of 1981 and 1982. During that painful recession, the overall unemployment rates were just as bad as now, but the problem of the long-term unemployed was far less acute. At the peak of the unemployment scourge in 1981 and 1982, the share of jobless Americans classified as long-term was 26%, compared to the 40% today. (The numbers would actually be worse if they included those who have simply dropped out of the work force in frustration.)"

Austinhousingbubble says

Long term unemployment refers to workers unemployed for 27 months or more. If you think these numbers smell bad, let’s see your research.

TechGromit explained what you meant. Your statement was a bit misleading--it should have read 40% of the UNEMPLOYED Americans have been unemployed for 27 months or more.

I think that sounds a little high, but could be right. The job losses were pretty high at the beginning of the recession. I'm not a big fan of the Automatic Earth blog though...

pkennedy,

Interestingly I only had 2 cards currently and used them equally, neither was my primary card as far as usage goes. My wife also has a card that is used a little more than mine. We are now a two card house hold, unfortunately they are both with the same bank which I see a slight risk to my family’s credit card needs. If this other bank starts acting like it is going to fail as Chase has been then we will have to shop for a new set of cards or better yet just go cradles.

The only reason I asked what they could raise my rate to is that I wanted to know what they would put someone through if they really had a need to get a better limit. Basically this was not just about Chase trying to lower its risk (note the assoicated risk was due to their financials, not mine) , they also wanted to force some people like me to basically accept new credit card terms more flavorful to Chase. I would guess it is some attempt to get around the Credit Card Act of 2009.

Vicente,

I know about the old terms of my card, but I thought we where told the Credit Card Act of 2009 parts of which went into effect Feb 22, 2010 was supposed to force banks to give greater advance notice of changes in credit card terms and the right to opt out of significant changes in terms. In my case there were significant changes made to the terms before I was notified and no opt out provision was provided. I could just ask to apply for a new card with new terms or take the new terms on the existing card period. Clearly I misunderstood this part of the new law or the banks found a loophole. I am sure that several of the politicians that are briefed on this site when something interesting happens are just as confused as I am about the letter given the new rules.

BTW, Chase has people reading this thread.

When new rules are in effect, some will follow, some will resist, and some will exploit. Expecting every single company to follow the new rule because "the rule is the rule" is bit too naive. Sometimes, some companies will decide not to follow new rules, because that's better business decision for them when the profit they can get by not following the provisions is expected to be greater than the peanalty they may be faced with in the future.

Austinhousingbubble says

huh? You’re saying that 4 out of every ten people haven’t had a job in 27 months? Bullshit.

Right - it is bullshit, but not in the way you mean.
This according to the rather excellent Automatic Earth blog:
“More startling, the problem is markedly worse in this recession than even in the deep slide of 1981 and 1982. During that painful recession, the overall unemployment rates were just as bad as now, but the problem of the long-term unemployed was far less acute. At the peak of the unemployment scourge in 1981 and 1982, the share of jobless Americans classified as long-term was 26%, compared to the 40% today. (The numbers would actually be worse if they included those who have simply dropped out of the work force in frustration.)”

On another thread you said: (Regarding strategic defaulters)
just because you can doesn’t mean you should….just because you can, doesn’t mean you should…just because you can doesn’t mean you should…repeat…

--------

So what do you suggest the 40% long term jobless (your number) should do to pay their mortgage?

@thunderlips

Do you have any securities credentials? Certified accountant? Executive at a high level in any financial institution?

What facts do you actually have of BOA paying back the government, other than conspiracy theories, and rants?

Banks make a lot of money. Money and law go together, and banks are very good at understanding both.

@tarkin
I'm guessing they have a multitude of rules they're following. Dropping someones credit limit to $500 is for all intense purposes closing the account. I think we all agree on that.

They probably have a way to reduce credit with the new law, and it's one of their only tactics left. Aren't there credit limits on some cards and credit lines on others? Perhaps the law only limits some aspects. Credit line might not be considered a term either. Just repayment methods?

There are far too many unemployed lawyers right now just waiting to jump on a class action suit. They have to be careful in these situations, and I'm sure they've got it all covered.

ust because you can doesn’t mean you should….just because you can, doesn’t mean you should…just because you can doesn’t mean you should…repeat…
——–
So what do you suggest the 40% long term jobless (your number) should do to pay their mortgage?

First of all, it's a number retrieved from the BLS, not my asshole. Use the Googles if you're so dubious.

As for the autosuggestion -- let's have a little context: I was referring to the original poster's notion of taking on too much mortgage with the explicit intention of trying to qualify for a principal forgiveness later on. Just because you can do something disgusting, doesn't mean you should, and just because everyone else is doing it doesn't make it right.

But as for your question, if a mortgage holder finds themselves part of the long-term unemployed then they should take the matter up with their lender. Maybe try to arrange some kind of deferred payment plan, or maybe offer to play caretaker to some of the shadow inventory on the lender's books. There should be no taxpayer subsidies for either the banks or the borrowers. If it doesn't make you sick, I suggest you check your pulse.

"But as for your question, if a mortgage holder finds themselves part of the long-term unemployed then they should take the matter up with their lender. Maybe try to arrange some kind of deferred payment plan, or maybe offer to play caretaker to some of the shadow inventory on the lender’s books. There should be no taxpayer subsidies for either the banks or the borrowers. If it doesn’t make you sick, I suggest you check your pulse."

How many unemploy know they will become long term unemployed until they are?
You do know that if you get a loan mod or refinance, it would be a restructure of your mortgage and you will turn your loan into recourse if it was originally nonrecourse in CA. Mark my words the next stage of this will be going after the defaulters with wage garnishments. What happens in 2012? not the end of the world but the end of IRS taxforgiveness.

Another funny thing...I am leaving for a business trip and a couple days vacation afterwards. I wonder if they knew that? I mean they all but canceled my card right as I was walking out the door. How did Chase know...were they upset that I booked the hotel with my other card? (Though I was not even sure about that, had to call the hotel before I canceled the Chase card.) The new $500 limit would not have coverd the hotel stay any way. The more I think about this...how did they know just when to attempted to screw with me the most. I gues the last laugh is on them. My credit score will rebound and I will no longer be a Chase customer.

See you all later, enjoy the thread...

Austinhousingbubble says

First of all, it’s a number retrieved from the BLS, not my asshole. Use the Googles if you’re so dubious.

Patrick, this too must be added to the vault and to the T-shirt.

Where's HARM when we need him?

I agree with Thunderlips; I think it's a ploy to artificially decrease people's credit scores and then, in the future, raise thair APRs and prevent them from taking on new debt.

I've long since given up trying to understand how CC companies arrive at the credit limits that they offer customers. When I first moved out of the US, I was thinking about getting a Mastercard or Visa with a small credit line so that I could buy stuff when back home, and, having never had more than about $5k in income in the US, I was expecting be going around hat-in-hand and being rejected repeatedly.

Turns out that my bank, looking only at the $11k I'd stashed there in savings over the past few years, offered me that much as a credit line! Eleven thousand dollars was an insane amount of money to be entrusting a 25-year-old with, but they did it.

So I used that CC from time to time when back in the US, and still have it.

I also have a credit card with Sumitomo Bank, in Japan, where I work. Most of my savings have been going right into my account with them, and never coming out. My credit line on this card is Y100,000, or about $1k US.

I also use this card sparingly, so the low limit never bothered me. Until I wanted to buy an airline ticket to the US which, thanks to the 2008 oil surcharges, cost Y109,000. I called up the bank and asked if I could have an increase in my credit line. They said they'd look into it, and that they'd get back to me.

They did get back to me, the next day, and the answer was no.

I was gob-smacked. My savings balance with them was Y12,000,000 -- two orders of magnitude larger than my credit line, and, in fact, more than the government FDIC-equivalent would insure. (So I was showing a lot more faith in the bank than the bank was willing to show in me.) My balance had increased from month to month without fail for seven or eight years. But no trust.

So I had to go to the ATM, withdraw Y109,000, and bring it to the travel agent.

After that I bought my home, and now no longer have anywhere near that much savings, so I'll probably be at this low limit forever.

Credit card companies' logic just doesn't make any sense at all.

Trying to understand CC companies? How about this. I got a letter from AmEx last year telling me that my card is cancelled. But a couple week later I got an AmEx application in the mail.

I wonder if the CC companies got their business model from Uranus, lol.

Here is my funny story from my 1st and 2nd mortgage company.
Since someone said banks are monitoring these boards.
I am going call my bank TBTF just in case they are reading.

So TBTF is sending me legal notices and even realty chicks to tell me to pay my mortgage or else. American Express had the sense to cancelled my premier card without notice.
But TBTF just this week sent me a notice to lower my $20K CC limit to $4.9K!
Are they nuts, their left hand is trying to collect from my mortgage while the right hand is leaving $4.9K available on my CC.
If I am really a ruthless defaulter I would have gone shopping and stimulate the economy some more.
BTTF is too big to function.

"Most US consumers are using DEBIT cards these days"
(I don't have a link handy)

I think this is a 'good thing'.

Think about how credit-card companies make money
1) interest rates and fees : this used to be their cash cow, now this is being curtailed by the new laws
2) they charge 2-4% of your purchase amount - the merchant pays it. Now CC companies are encouraging consumers to use the card for 'every little thing' , because this is becoming their main revenue stream.

Using a DEBIT card denies them both these.

The only down side is using a debit card doesn't contribute to your credit history - if you care about that.

Merchant fees on credit cards are around 1.6% these days. Not 2-4% anymore.

Debit cards are around 30 cents per transaction.

I assume credit card companies are trying to lure people into using a credit card for every little to try and create brand loyalty, and a solid habit of billing everything via credit cards. If you bill every little thing on your "main" credit card, you're more likely to put everything, including large purchases on credit cards. They'll make money from people who don't fully pay off their bill monthly. I'm pretty sure that one of the main reasons HUGE lines of credit were given out in the past, was to try and create prestige and loyalty. People want to show off their shiny credit card with $25,000 limit. They offered other incentives like $150 cash back if you used it to autopay a bill every month for 6 months. They're trying to get their credit card to the top of the stack in your wallet.

Not understanding how a bank deems a credit line, doesn't make the banks crazy, it means they have a method you don't fully understand. They make a lot of money from credit cards, they're doing something correct.

I'm sure most people don't realize how abusive credit cards are in other countries. We're bitching about 18% a year. I saw a promotional letter sent to my wifes parents house in Brazil. They had qualified for the best rates available. Only 5% a MONTH. Many countries around the world have 6-9% a MONTH.

This is blowing me away. My wife opened a checking account with them and they gave her $7000 limit credit card without even applying. I had to dispute with the credit bureau to take the card and inquiry from the credit report.

Chase cancelled a card last year (or was it 2008?) that I had not been using.

Not sure why they bothered, now they keep sending me new applications and beg me to join them again.

Meh.

One word about "debit" cards. If you are using a Visa/MC branded check card, call your bank and tell them you want only a PIN enabled ATM card. I could go on, but just suffice it to say that you don't want to be squaring up with your bank AFTER your check card has been stolen and money has been removed from your account. This guy sums it up pretty well: Here's the first surprise: "Debit or credit?" is actually an unfair, misleading question. There is no such thing as a debit card that's used as a credit card. When you hand over a debit card, you are engaging in a debit transaction no matter how you answer. When clerks ask this question, they are really asking you to pick one of two ways they can process your debit – a PIN (personal identification number) based transaction or as a signature-based transaction. One costs the merchant a little more and one takes a little longer to hit your checking account, but fundamentally a debit transaction is a debit transaction.
\rant off
What's in your wallet?

justme says

Chase cancelled a card last year (or was it 2008?) that I had not been using.
Not sure why they bothered, now they keep sending me new applications and beg me to join them again.
Meh.

The same here. :)

Join the club. Chase cut my CL in half a few months ago, from $9300, to $4700. Granted, I haven't used the card at all for nearly 3 years, but had continued to pay the annual fee every year. Never late, no Bks ever, 800+ FICO, zero balances on all my TLs execpt one. They said the reason was "not enough tradelines reporting paid as agreed" - probably due to my propensity (of the last several years)
of not buying "stuff", buying only what I need, and then paying cash/debit, instead of using credit, and IF using credit, PIF if at all possible, instead of carrying a balance.

To make a long story short, I thought it over for a week, and decided this, my oldest TL, had outlived it's usefulness, and was no longer worth taking up space in my wallet. I closed the account. Feck`em.

My checking acct is with Chase, and I have direct deposit of my paycheck there. They inherited me via their acquisition of WAMU(Gawd, I MISS WAMU - high 4-figure out-of-State *personal* checks cleared *instantly*, now that it's Chase, even a *miniscule*(like $50!) check from GEICO is held up for days)

I also have another CC from Chase, which, despite perfect payment history going on 4 years, never
increased in CL. Additionally, Chase 'transaction accounts" (read: checking accounts) are no longer FDIC insured. And to add yet another 'insult", the most recent batch of CL access checks they sent me, allowed me to write a check for only HALF of my puny CL. I'm seriously thinking of ditching Chase alltogether,and taking my business elsewhere.

EBGuy says

What’s in your wallet?

I used to have all kind of cards, except the one from the company keep saying "what's in your wallet?" on TV. :)