Banks Increasing Credit Card Limits on Customers

Some banks have recently started automatically increasing credit card limits for customers; the credit card companies hope that doing so will increase their profits; Capital One is one bank that previously didn’t increase limits automatically but began doing so in 2018; some warn that this isn’t a good practice while the banks provide the counter argument that it is good customer service and that they raise limits carefully; data shows that outstanding card borrowing has surpassed what we saw before the financial crisis; at the end of September it totaled $880 billion according to New York Fed’s consumer credit panel; this not surprisingly has led to more profits at the biggest banks like Capital One, JPMorgan and Citigroup. American Banker

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.