Nowadays we were informed by HSBC that "because of the present financial atmosphere" our borrowing limit was decreased to $1,500 on our MasterCard. Nowadays, in reaction, we reduced the $500 low-interest charge stability and submitted the card away. HSBC problems the private-label Marriage Plus MasterCard which my spouse and that I have jointly-owned since August 1988. Through the years, because of our flawless credit rating and not by our solicitation, the restriction continues to be risen to $12,000. We still have flawless credit, spending our amounts in thirty days, spending much more compared to the minimal cost with this low-interest charge stability, should never be overdue on funds and also have minimum usage of credit limitations. This is the way we've managed our credit for 35 years within our "financial environment". We shall not shut the credit line with this consideration since that will negatively affect our credit rating but we don't plan or have to make use of the HSBC granted card. Maybe we shall have more of those ill conceived restriction decrease notices, using their arbitrary good reasons for undesirable activity, from additional eager credit card issuers. If we do, we shall "retire" their card using the Marriage Plus MasterCard supplied by HSBC.
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