GE Money Bank is a butthole

[Krynn72]

So i've got a line of credit from paypal, which goes through GE Money Bank. Well GE just sent me a letter saying that they reviewed my credit history and decided to lower my limit from $550 to $210. I've made all my payments on time, and usually more than the minimum, and have used it pretty frequently, so my credit history can't be worse than it was before, since this is the only credit i've had up until last week (got approved for a bestbuy mastercard, but this letter is dated the same day, so i doubt it was considered).

They say the reasons are that the following characteristics of my credit score were lower than other customers.

Age of oldest retail trade
Age of oldest trade
Average credit utilization on revolving trades

What does that mean? Are they just not making enough money off of me or something?

 

[Stigmata]

Over time, your limit will shrink to the point that GE Money Bank has a line of credit from you.

 

[The Monkey]

Just switch banks.

 

[Krynn72]

I probably will close the account, since I just got the bestbuy card. But still, it seems like they punish good customers because they make payments on time. Isnt that what got us in this mess of an economy, rewarding people for not making payments?