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Credit Cards Start Offering Lower Limits Amid U.S. Outbreak

  • Discover sets limits lower on new accounts, grants fewer hikes
  • Synchrony says it’s reevaluating customers’ creditworthiness
credit cards
Photographer: Andrew Harrer/Bloomberg
Updated on

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Major U.S. credit-card issuers are starting to lower customer spending limits as the coronavirus pandemic leaves millions of Americans jobless and struggling to keep up on loans.