My huge blog on low interest credit cards
They are decreasing credit limits, increasing interest rates and closing accounts that have been inactive too long. In fact, some customers whose accounts are current have even had their maximum credit amount lowered. Customers who are considered subprime have been hit the hardest though, as over 50 percent of them have had their credit limit decreased. Banks are examining credit reports and reviewing credit scores for consumers who have existing credit cards with them. They have the right to reduce limits for those who have spotty payment histories or high balances that are consistently met with only minimum payments.