I live, write, and garden in the PNW with my husband of 30 years, disabled daughter, autistic son, and my 85-year-old mother. We have paid off $250,000.00 worth of debt (if you include the interest) in the last fifteen years and as of 6/12/2020 are 100% DEBT FREE!!!!One of our oldest credit cards just raised our credit limit by $5000. So now instead of it having a limit of $20,000 it has a limit of $25,000. Are these people nuts? Who in their right mind allows someone to borrow that much money without it being secured? Oh, that's right, Bank of America.
Our other two cards with them, which used to be MBNA, have also raised significantly since BOA took over. One has a limit of $19,000 and the other of $16,000. Ridiculous. They really, really want to lure people into debt.
I think the reason they are so high is that we are finally starting to make headway in getting our debt down and they want to tempt us back into spending to get out balances up higher and making more profit for them. Greedy.
New Credit Limit
December 29th, 2006 at 09:20 pm