Halifax reduceing credit card limits..

Paul_Herring

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.

Robert_Sterling

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

They reduced my limit from £8000 to £7950!

Whats the point of that!

IWantToBeFree_2

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.