Lowering the Credit-Card Limits
It’s not just your portfolio that may be shrinking during these turbulent times. The spending limit on your credit card may be heading south as well.
Credit-card issuers have been decreasing credit limits in the wake of the subprime meltdown. Folks with good credit scores and solid credit histories are now getting caught in the fray.
“Most [...]
United Airlines Renew Credit Card Agreement
Chase today announced the renewal of their popular United Airlines co-branded credit card program, which offers various products that provide exceptional travel benefits to cardmembers.
“We are excited to continue our successful relationship with United Airlines, offering consumers and small businesses compelling travel rewards for many years to come,” said Steve Fox, general manager, Chase Card [...]
Credit Card Rules Must Change
If you want an idea of how angry consumers are at credit card companies, get a load of the complaints e-mailed to the Federal Reserve about efforts to prohibit unfair practices by credit card companies. “I have been the victim of credit card companies who have subjectively raised my interest rates,” said Jon C. Kubic [...]