FlyerTalk Forums - View Single Post - Is Chase reducing credit limits for no fault of the cardholder?
Thread: Is Chase reducing credit limits for no fault of the cardholder?
View Single Post
Old Jun 15, 2020 | 10:42 pm
  #5  
Mike B
50 Countries Visited
All eyes on you!
5 Years on Site
 
Join Date: Feb 2018
Location: Flyover Country
Posts: 232
Quite a bit of blogger chatter about this, it is a thing. Both because of fear of default, and also because the bank has to keep cash in reserve for each dollar of credit limit they give, so a large credit limit that isn’t used is tying up their capital for no return.
Mike B is offline  
Reply