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Barclaycard defends decision to cut customers credit limits
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Barclaycard defends decision to cut customers credit limits
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Barclaycard has slashed credit limits by thousands of pounds, leaving some customers who have been with it for decades with far less spending power than they had before.
Credit card limits are tailored to individuals. Those with larger incomes and good repayment histories can usually borrow more; but limits can be cut if your circumstances change or you fall behind on repayments.
Yet Barclaycard is reducing how much customers can borrow even when they have never missed a payment.
Barclaycard is reducing how much customers can borrow even when they have never missed a payment
This is the second time in the last 12 months credit limits have been cut by Barclaycard, after the bank did so last July.
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