The credit card roller coaster
This story is truly a product of the times we are in right now, with most credit card issuers desperately trying to put a stop loss on the massive credit liability they created in the last decade or two. Unfortunately, many good customers are getting caught in the cross hairs.
Like this one.
First his Capital One credit card was closed due to not being used enough. This caused his credit rating to drop such that Chase decided he was a greater credit risk and they gave his credit limit a severe haircut and raise his interest rate.
Fees & charges | admin June 17, 2010
