Credit cards: ‘My spending limit was slashed by 90%’

Credit cards: ‘My spending limit was slashed by 90%’

How much banks will let you borrow can change without warning. One Money writer had theirs cut, while another’s was increased by a quarter

It’s a tale of two credit cards: two members of the Guardian Money team have had their Barclaycards for years, and both use them regularly and pay off the balance every month.

Until fairly recently, both had a healthy credit limit – the sum available to spend on the card. Then, in December, both received letters about those limits: Hilary Osborne’s was increased, Rupert Jones had his slashed.

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