Credit limit cuts signal default risk, companies minimize exposure through balance chasing.

When credit card companies start decreasing your credit limits, it’s a practice known as balance chasing. It happens when these companies become concerned that you might be at risk of defaulting on your payments. Essentially, they’re trying to minimize their exposure to potential losses by reducing how much credit they extend to you. It’s like … Read more

Travel portals often overpriced; Capital One excels, but use points wisely.

Navigating the world of travel portals can be a frustrating journey, with each offering its own set of obstacles and benefits. Among the major credit card issuers, the experience varies widely, often leaving travelers feeling both disappointed and deceived by the promise of convenience and value. The American Express travel portal, while relatively easy to … Read more

Credit bureaus profit over protection; default freeze needed.

In today’s digital landscape, where identity theft and credit fraud are not just potential threats but almost inevitable, the question arises: should credit reports be automatically frozen by default by the major credit bureaus – Equifax, Experian, and TransUnion? The logic behind this proposal is straightforward: making credit freezes the default setting would protect consumers … Read more