Survey Shows Reductions Continue in Credit Card Limits

This is a guest post by Bill Hardekopf, CEO of LowCards.com . Last month, the Federal Reserve released its quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices. It shows that banks have maintained their tight grip on credit card loans and are reducing credit limits. It also shows that more lenders continue to raise minimum required credit scores on credit card accounts, making it more difficult for some consumers to be approved for credit cards. Here are some of the result