First Equity credit card SCREWS YOU!

As of today I will NO LONGER utilize my first equity credit card. It is now cut up into shreds and had my account closed. First issue was my credit limit was unexpectedly changed from $7,500.00 to $4700.00 sometime ago, i let that go and didn't worry about it. Now recently I find that my credit limit was lowered to $4000.00 with NO NOTICE and being told my account is now overdrawn. When i called and questioned this, I was told that this was a corporate decision and that this was based on failure to make minimum payment. I have never ever missed a payment and have always paid much more then the minimum due. I was told that due to the fact that last month my internet payment was one day after the due date is why this decision was taken. I have never heard of such questionable business practices. because of one day after the due date since you get charged with an additional $39.00 late fee. What does this have to do with failure to make minimum payment? As stated earlier the card is tore up I have other credit cards with NO ISSUES and the only thing i can tell people is to STAY AWAY from first equity unless you want to get screwed. I've been with first equity for quite sometime! And this is how they thank good paying customers. WARNING STAY AWAY FROM FIRST EQUITY!

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I agree! I have NEVER had a worse credit card! I opened this for our small business. We were given a limit of $5000.00. I paid the balance every month, BEFORE the due date. I never had an outstanding balance. I had oral surgery last month and was a bit "off" in my routine and forgot to pay my First Equity bill. I got online, 4 days after the due date, and paid the entire balance. My husband tried to use the credit card a few days later and it was refused. I called and was told the account would be on hold for 7-10 days. I was upset but accepted it. Then last week I get a later stating our limit was reduced from $5000 to $2500! I called. The woman was very nice. Said she'd submit a request to reinstate the $5000 limit. Got a letter today (11/9) stating they refused to reinstate the $5000 limit. I called and talked to a supervisor who refused to do anything for me. Needless to say, I will be looking for a new credit card company for our business as soon as I'm done typing this complaint. Word to the wise: It's easy to get this credit card. But believe me, you don't want it.

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ME TOO. EXACTLY THE SAME ISSUES. THIS COMPANY IS THE LARGEST SCAM OF ALL. AND A SUPERVISOR IS JUST A PUPPET WITH A NAME. HE CAN NEVER HELP YOU DO ANYTHING EXCEPT SAY SORRY SORRY SORRY.