Loan Digest

My first unsecured credit card came with a $20,000 limit—here's why that is rare today

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

My first unsecured credit card came with a $20,000 limit — here's why that is rare today.

Capital One Platinum

Today, this probably wouldn't happen. In 2009 — a year after I opened my Capital One card — Congress passed the, or the Credit CARD Act, implementing sweeping protections to help consumers avoid getting in over their heads with credit card debt.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Column: This bank is worried scammers may be cruelly paying off people's credit cardsCapital One froze a SoCal customer's credit card because it was concerned a bank transfer to pay off $14,000 in debt may have been made by a scammer. Davidlaz Thank you!!!
Source: L.A. Times Health - 🏆 364. / 59 Read more »