Term: Credit Limit
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Help! My Credit Limit Was Cut Without Warning

By Steven Shaw on 8/15/2014

Help! My Credit Limit Was Cut Without Warning

In an Amazon credit card forum, a customer posted about a dilemma: The poster uses an Amazon store card to finance book purchases for school, but when it came time to buy another semester’s worth of course materials, the consumer couldn’t complete the purchase. The card’s credit limit had been lowered to $1 less than the remaining balance, leaving no room for new charges.

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Credit Limit