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Originally Posted by kcook323  I heard something similar on the Clark Howard radio show today. He was talking about a man that had a $15,000 credit limit (business card) and they dropped his credit limit to $200. I used a card the other day at Tractor Supply then went to a grocery store and it was declined. I didn't think too much of it until I was listening to the radio station. We are in for some scary times. |
That happened to me. I have an AMEX card. It had a $16,000 limit. A couple weeks ago I got a letter that they dropped the limit to $500 and the interest rate went up to 32.99%. Luckily i never carry a balance on that card so it didn't affect me at all, but still... uugghhhh
Oh and minimize charging prices are going up in stores since these stupid Credit Card companies are charging store owners higher fees to process credit card charges.