We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
credit limit reduced, making you over the new limit?
Options
missm29
Posts: 340 Forumite
in Credit cards
Has anyone had their credit card limit reduced making their balance then over the new limit? Can credit cards do this? i know an overdraft is repayable on demand and wondered if credit cards are the same.
Virgin reduce our limit quite a bit, leaving us just £100 spare, thankfully we were coming to the end of the 0% and had the money to clear the balance. But its got me concerned about the other credit cards we have.
Virgin reduce our limit quite a bit, leaving us just £100 spare, thankfully we were coming to the end of the 0% and had the money to clear the balance. But its got me concerned about the other credit cards we have.
0
Comments
-
I have heard tales of this nature. I think they are free to set limits and aprs at their own disgression.Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards