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hsbc have just reduced my credit card limit from 5000.00 to 3000.00 !

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  • jackieb
    jackieb Posts: 27,605 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    My husband got a letter from Egg last month, telling him that his limit had been raised from £12000 to £13000! I can't understand it because they were withdrawing people's cards - he didn't ask for it either. He uses it for work and it has a balance of £2000 on it.
  • NickX
    NickX Posts: 3,046 Forumite
    jackieb wrote: »
    He uses it for work and it has a balance of £2000 on it.

    Well they are making a profit from his by having that £2000 rolling balance.

    They probably are trying to entice him to increase that balance somewhat and hence increase their profits.
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