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Halifax reduceing credit card limits..

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Comments

  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    ElkyElky wrote: »
    I don't know about you but I prefer to go about my days knowing I have several thousand pounds readily available to me should I come into a situation where I will desperately require it.
    Well I do. On the credit cards that I actually bother to use, unlike the OP.
    Plus, I prefer that my savings are saved, not spent.

    If you're not paying off the credit card every month, then the interest charged on your credit card far outweighs what you can get on any savings account.
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • Robert_Sterling
    Robert_Sterling Posts: 2,207 Forumite
    lesret wrote: »
    I have a Halifax credit card with a credit of 7 pence..not used a great deal hence the 7 pence credit..the card had a £6200 credit limit but for some reason has now been reduced to £500...


    A sensible move by Halifax.
    ..
  • mrbigd
    mrbigd Posts: 168 Forumite
    They reduced my limit from £8000 to £7950!

    Whats the point of that!
  • IWantToBeFree_2
    IWantToBeFree_2 Posts: 1,831 Forumite
    I have a zero balance on mine and the limit has just been reduced to £500 from around £2,700 and they are closing the account once the card has expired (if I haven't used it before then). Seems fair enough to me, not used it since the BT period expired. Tesco did a similar thing a short while back too.
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