Credit cards: ‘My spending limit was slashed by 90%’

Credit cards: ‘My spending limit was slashed by 90%’

Credit cards, Consumer affairs, Money, Banks and building societies, UK news Business | The Guardian

​How much banks will let you borrow can change without warning. One Money writer had theirs cut, while another’s was increased by a quarterIt’s a tale of two credit cards: two members of the Guardian Money team have had their Barclaycards for years, and both use them regularly and pay off the balance every month.Until fairly recently, both had a healthy credit limit – the sum available to spend on the card. Then, in December, both received letters about those limits: Hilary Osborne’s was increased, Rupert Jones had his slashed. Continue reading… 

How much banks will let you borrow can change without warning. One Money writer had theirs cut, while another’s was increased by a quarter

It’s a tale of two credit cards: two members of the Guardian Money team have had their Barclaycards for years, and both use them regularly and pay off the balance every month.

Until fairly recently, both had a healthy credit limit – the sum available to spend on the card. Then, in December, both received letters about those limits: Hilary Osborne’s was increased, Rupert Jones had his slashed.

Continue reading… 

Leave a Reply

Your email address will not be published. Required fields are marked *