Posts tagged Credit Card Company

Can my credit card company unilaterally lower my Credit limit at its discretion? How likely is this?

Mark R asked:


I have a credit card with a credit limit of $12,500. I have not only been making the payments each month, but I have been paying off my monthly balance at the end of each month consistently. My father told me that, given the situation of today’s financial market, the bank can decide to lower my limit. Is this possible? Is this likely? If so, what factors would influence their decision to lower my credit limit?

What credit card company offers the lowest interest rate and best reward earnings?

Dana S asked:


Im applying for my first credit card, just want advice.

What are the cons when a credit card company increases your credit line?


This is the question for economics. Lamar just received notice his credit card company is increasing his credit card company by 1,000 dollars. Lamar is very happy about that. Comment on Lamars statement.

Thanks.Submited by:The Saints