HSBC reduces all american credit card limits to $300
Not a rumor. I just came to this message board to see if people were complaining about this. I just found out that my my HSBC Mastercard limit dropped from $7400 to $570. Never missed a payment with an 8 year track record. Called them and they said it was a risk decision...I don't think an 8 year track record of not missing a payment and not carrying a balance makes me a high risk. Bastards.