“the limit is only reduced on those that shouldn’t have a credit card to start with.”
It’s also happening to folks for little apparent reason. Now don’t get me wrong. I think reduction of credit card limits is a GOOD thing. I merely prefer that it’s the cardholder who reduces them at their convenience rather than the credit card companies. Either way, it’t a move in the right direction.
“It’s also happening to folks for little apparent reason.”
The reason is that they carry a balance.
Anyone that doesn’t pay off their card charges in full every month should have their card revoked!