I’ve been hearing buzz about credit cards lowering credit limits. It makes sense they are trying to reign in all that available credit floating around out there. That is why I was so surprised to get a letter in the mail stating that my credit limit was increased.
I haven’t requested it so I do find this increase odd. The only reason they gave for the increase was that we were great customers. Hmm…it really is odd timing. About a week ago I found myself starting at the LCD TVs again and found one that was really pretty. Maybe they were spying on me and the credit limit increase is to try to lure me into buying one LOL.
Or, they noticed that we used to have a balance and only paid the minimum. Maybe they are trying to get the “great customer” back.
All I know is that I am going to be so glad when it’s time to start closing some cards. It’s not because of temptation, it’s just because I’m tired of them. They are no longer the friends they used to be.