statistical data suggests that a customer is significantly more likely to accrue fees on multiple low limit cards, than a single higher limit card. cap1, for example, appears to be a leader in this cc issuing practice. they deny that it is used to extract more money from their customers, some who have as many as 3 or 4+ low limit cards issued to them. most would agree that the more cards one has, the more difficult it can become to manage them efficiently.
Message Edited by score_building on
09-24-2008 02:49 PM
DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover