I just had to check, and yes, Bank of America just dropped the limit on my credit card! (I had to compare this letter to the previous one.) In fact, if you round down to 2 significant digits, they cut my limit in HALF. Now, I've never ever run up even 10% on this card, so a 50% cut isn't a problem. I consider it less of a liability to have a lower limit. I know it's just a response to the recent financial crisis, but I think I'm proud of BoA.
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