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!