How often can credit card companies reduce my limit on my credit card?
Written By: admin on January 3, 2010
One Comment
I got a letter from a credit card company saying that they have reduced my credit limit without any previous warning. Is there a limit to how often can they do this? Can they do it how ever many times they wish? For example, once every six months/year?
Also, Is there any way to see it coming?
The letter is not the warning because when i get the letter, the limit change is already in effect.
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Tags: credit card company, Credit Cards, credit limit, six months
They can increase or decrease your credit limit at any time and for any reason….as often as they wish.