Credit Cards: How to Protect Your Limits
As big banks such as Wachovia (WB), Citigroup (C) and Bank of America (BAC) continue to post multimillion-dollar writedowns to cover mortgage loan losses and other bad investments, credit-card holders are increasingly getting squeezed. Card issuers such as American Express (AXP) have started taking a closer look at the math that determines how much credit is available to each customer, and some are cutting their credit lines to keep more money in house.
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