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The Guardian - UK
The Guardian - UK
Business
Rupert Jones and Hilary Osborne

UNCOVERED: Credit cards my spending limit was slashed by 90 | History Defined

Closeup of a Barclaycard Visa card and £20 and £10 notes
How do banks decide how much they will allow customers to put on their credit cards? Photograph: Michael Melia/Alamy

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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