Customers Using Less Credit Cards and More Cash

Reply Mon 24 Nov, 2008 01:47 pm
The majority of credit card issuers are whacking credit limits. A July 2008 report from Javelin Strategy & Research found that 62 percent of credit card issuers are lowering credit limits to existing cardholders. Only 8 percent are increasing lines of credit.


This is from an article on Bankrate, the site that I mentioned before.
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Reply Mon 24 Nov, 2008 01:49 pm
boomerang wrote:

I don't worry about carrying cash as I never make very big purchases and I don't look like the kind of person who would have much cash on me!

Boomer the bag lady.
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