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URL: https://boards.fool.com/mbna-was-taken-over-by-bank-of-america-in-2006-34242600.aspx
Subject: Re: Emergency Funds	Date: 7/3/2019 2:19 PM
Author: vkg	Number: 312572 of 312992
MBNA was taken over by Bank of America in 2006. During the Great Recession, they cut back on a lot of credit limits. I had a $30k MBNA/BofA card where the limit was cut in half. It's gone up a bit since then, but is still only $18k. Which means if I had kept it, they would have cut the limit. It is still better than it is closed. The 3 credit cards I currently have are working fine for me. Travel has been the only reason I've had to split a transaction across multiple cards.
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