Quote:
Originally Posted by MargaretR
I asked for my credit limit to be reduced, and it was done over the phone with no problem.
In case it is lost or stolen it reduces the amount which can be fraudulently obtained by the thief
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...and since it's the banks/credit companies who'll pay if it's lost or stolen, you think they'd want to limit people's credit limits.
Still, they'll get it all back in charges, for those who do rack up debts with them.