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A new credit card will launch soon, and it’s breaking some of the rules credit card issuers have abided by for decades. The X1 Card, which currently has a waitlist, offers consumers the chance to get a credit limit based on their income, not their credit score. The card’s features, many […]
Limits
Capital One Cuts Some Borrowers’ Credit Limits
It’s a good time to check your credit limits if you have any Capital One credit cards. Capital One has announced that it’s cutting credit limits for some of its cardholders. While credit card companies generally avoid doing this, they are legally allowed to cut credit limits at their discretion, […]
Capital One cuts credit limits as millions struggle with income cliff
Capital One is cutting the credit limits on some credit cards, with some consumers reporting on social media that their credit limits have been cut in half by the card issuer. The company said it’s making the decision based on the customer’s account activity in the last year. Capital One, […]
The 6 Best Credit Cards With No Preset Spending Limits
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Forbes has partnered with The Points Guy for our coverage of credit card products. Forbes and The Points Guy may receive a commission from card issuers. Some of the offers below may no longer be available. When comparing different travel rewards cards on the merits of their welcome bonuses, benefits […]
Neediest Credit Card Users Are Seeing Their Limits Fall the Most
(Bloomberg) — Subprime borrowers, who rely more on credit cards than any other group, are seeing their limits cut the most as banks reduce exposure during the coronavirus pandemic.The risk-management strategy shows a squeeze is coming for households with the most precarious finances as the U.S. government pares assistance for […]