I say this because in the last week, not one but TWO of our credit cards have raised our credit limits. And substantially, too. Happy happy, joy joy, and so on.
Actually, I don't really care. I just get a kick out of reading the "Hooray for you! We've raised your limit!" letters. They're really quite entertaining.
Here's the latest version from Citibank, late beneficiaries of gazillions of Bailout Bucks and taxpayer-backed loans:
We've increased your revolving credit line to $XX,XXX.
It's our way of saying thank you for maintaining such great credit.
Well, we're so happy you noticed.
Pay on time? How 'bout "Pay the day after the statement is generated?"
Exceed my limit? We haven't so much as sniffed our limits in years.
Pay more than the minimum? Egads. We pay our balance in full, every month. Which is completely not by accident. (Kinda pisses you guys off, doesn't it?)
Fantastic. Hey! Here's an idea: How 'bout you lower my limit back down to what it was, and instead, return a few thousand TARP dollars? I'd be good with that.
No? How come?
What? You're insolvent?
Sort of like how you guys knowing the taxpayer is there "should you need him" makes keeping your doors open easier?
Uh huh. Stuff it.
By the way, Citibank: How's our recent cash-only experiment working out for you?
Labels: Credit Cards