Can a credit card company lower your credit limit?

22nd Feb 2011 by admint

Yes, especially today that the economic crisis has been hitting banks and other financial institutions hard. Through universal evaluation, banks review customers’ limits, interest rates and fees. The concern of the banks is that consumers may have access to limits beyond their repayment capability. Like the power or banks to increase your limit, they can also decrease it.

This answer is the subjective opinion of the writer and not of FinancialAdvisory.com