As people start losing their jobs, the number of defaults on credit cards increase. So to reduce their losses, banks become more selective in issuing credit cards and also reduce credit card limits.
Recession
June 21st, 2009Credit cards with no credit history
May 17th, 2009If you have no credit history, you will first have to apply for a credit card specifically for those with bad or no credit. As your credit history improves, you can apply for a credit card with better terms. A student can alternately apply for a student credit card with no annual fee and low interest rates.
CCNewz
April 29th, 2009Credit card news, information