Answers
Ok, Well, I applied for RBC line of credit and in the beginning they gave me $10,000, I've been paying properly so they called me and i went there and they said we will add another $20,000 to you line of credit. I waited like a month and still didn't get my $20,000. My line of credit renews every August so, is it that when it renew i will get the $20,000. Or should i talk to them or wait till it gets renewed this August.
My mother in-law had the same issue, she called them and they fixed it for them, it is really your choice, but i think calling them will get you it faster. If you call them you can even ask them when they will increase it, remember they called you to increase it.
So, my suggestion call them up. My mother in law did and it worked for her.
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RBC Drops Interest Rate on Line of Credit | BankNerd.ca
Sensei this is nonsense. I also got the letter from RBC. I have 2 lines of credit; one secured against my home which was always at prime; a second unsecured which was always at prime plus 2%. Both of them are going up 1% effective January. I plan to cancel the unsecured line and will start to shop around for a better deal on the other. I’ve been a customer with RBC for 30 years with top credit ratings and these are my only debts. I’ll start to look at some of the foreign owned banks I think.
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