Certain purchases reduce credit limits

iVillage Member
Registered: 08-24-2007
Certain purchases reduce credit limits
1
Mon, 01-12-2009 - 7:36pm

I've been reading my "Consumer Reports Canada" magazine this evening and was stunned to discover that credit card companies will sometimes reduce your credit limits based on your purchases.

Kate


empty purse

iVillage Member
Registered: 04-10-2003
Tue, 01-13-2009 - 7:53am

They will try and get you everyway they can! This is good to know (although I have really cut back my CC spending . . . its out of my wallet and put in a safe place!) I've decided to just get angry at this point. I figure the best way to "stick it to the man" is to pay of my CC's and never give them another penny in interest!



Bex -