Credit- Card Debt Keeps Falling. Banks Are On Edge.

[DARADAIATL]

https://apple.news/ARBzeG7KgSguSwth4FJxAYA 

Great article this morning in The Wall Street Journal. 

[1GaDawg85]

Can't tell that Discover and Captial One are loosening up anything. Neither one has increased my credit limit and every time I ask, it's a no. 

[tricie17]

This is great. 

[Jnbmom]

Funny the ones they mentioned are stingy as heck with me oh and then there's synch 🙄

[Anonymous]

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@1GaDawg85 wrote:

Can't tell that Discover and Captial One are loosening up anything. Neither one has increased my credit limit and every time I ask, it's a no. 

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Yep, same here. I don't even bother asking Capital One but Disco always says I don't use my card enough.

[babygirl1256]

Great article . . . perhaps Disco will grant my CLI in June 2021 since they denied my request in April 2021 stating, "Insufficient experience with current Discover card credit limit."  . . . guess I need to use it more that just purchasing fuel only!

[DaveInAZ]

Poor banks, can't get us to pay 24.99% on credit cards while paying us .01% on savings.

[Slabenstein]

The full article appears to be paywalled.

[gdale6]

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@Slabenstein wrote:

The full article appears to be paywalled.

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https://www.finet.net/credit-card-debt-keeps-falling-card-issuers-are-on-edge/

[805orbust]

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@DaveInAZ wrote:

Poor banks, can't get us to pay 24.99% on credit cards while paying us .01% on savings.

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You win MyFico today... 🤣🤣