A place to explore low interest credit cards
Many banks have already decreased credit limits for consumers in good standing. Customers who are considered subprime have been hit the hardest though, as over 50 percent of them have had their credit limit decreased. Banks are examining credit reports and reviewing credit scores for consumers who have existing credit cards with them. They can modify the terms, limits and interest rates for a current customer they feel might be a credit risk. Interest rates may be increased, which means minimum payments will increase.