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Personal Finances / Credit Cards and Consumer Debt


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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