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I_UndergroundPanther

(13,381 posts) Fri Jul 24, 2020, 06:33 PM Jul 2020

Just heard on tv..banks slashing credit limits [View all]

That banks are slashing credit limits. In a fucking crisis.

As in say you have a 7000 dollar credit limit,and it's suddenly cut to a 3000 dollar limit,suddenly you might find you went over your credit limit and not know you did .

On my TV they said banks were not slashing credit limits on their "best" customers. The rich ones is what they really mean.

Fuck bankers and thier self serving money games they play to screw the middle ,working and poor classes.

Found a link about it.

https://www.cnbc.com/amp/2020/04/23/card-issuers-are-cutting-credit-limits-without-warning.html

20 replies

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Just heard on tv..banks slashing credit limits [View all] I_UndergroundPanther Jul 2020 OP

US Bank cancelled one of my credit cards. FoxNewsSucks Jul 2020 #1

Similar here. They weren't making money off you. BadgerKid Jul 2020 #13

They duplicated two charges. Took me multiple emails Enoki33 Jul 2020 #17

I'm not surprised. There were some discussions on DU several weeks back, where the threat of... SWBTATTReg Jul 2020 #2

Orange alert? I_UndergroundPanther Jul 2020 #4

Ha heh ha!! This is definitely a winner!! I love it, love it, love it!!! SWBTATTReg Jul 2020 #5

Heh heh I_UndergroundPanther Jul 2020 #9

You could see this coming. Wellstone ruled Jul 2020 #3

This means they expect things to get worse... jimlup Jul 2020 #6

This is exactly right Chainfire Jul 2020 #7

This shouldn't be a surprise. EllieBC Jul 2020 #8

This also affects your credit score because... NCDem47 Jul 2020 #10

It takes a BIG hit. roamer65 Jul 2020 #11

That is correct. It's partially about your credit limit and Ilsa Jul 2020 #19

Trump is leaving chaos on all levels for the next president. lpbk2713 Jul 2020 #12

My two credit card limits remain the same as they have been. PTWB Jul 2020 #14

I used to care about credit limits until my wife ran a COBRA plan to the bitter end. hunter Jul 2020 #15

they have to shore up their on hand money uponit7771 Jul 2020 #16

Well well well... Are banks telegraphing that a crash is coming? WyattKansas Jul 2020 #18

I got a notice from Chase customerserviceguy Jul 2020 #20