Beware this latest credit card antic!
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Beware this latest credit card antic!
| Tue, 03-17-2009 - 10:35am |
I just can't imagine receiving notice that my credit line will be slashed below my outstanding balance, thus throwing me into the over-limit pool!

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Goal #1 $UCCE$$!
I don't know how this is legal. If a company wants to reduce your limit to below what is owed there should be no penalties.
Its makes me shudder and gives me all the more reason to get rid of the balance on my cards!
Bex -
"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."
Bex -
I use the credit cards but I think they stink.
It's all back to what I have always said...I don't care *what* the fine print says.
Basically credit cards have carte blanche to do whatever they want, whenever they want to, which is basically what their fine print says.
Becky
CL of 4th, 5th & 6th grade Scoliosis
Yes, I do understand the need for it, especially if you travel and/or internet purchases.
In my case, travel is not something we do very often and we drive (which is probably a good thing to have a CC in that case too).
I know right now I have a Disney Visa and I tended to use it to get the rewards.
Becky
CL of 4th, 5th & 6th grade Scoliosis
I believe the credit card industry is in the process of throwing the baby out with the bath water.
I am new and read all your posts, I just wanted to say that this subject is near and dear to my heart.
In 2007, Amex, with little or no reason
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