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What do you think is the purpose, from the customer's point of view, of the credit limit - if it is not to be used as a credit limit?
Of course it is still a limit. One can charge to it, and not over it. That is the definition of a limit after all. The interest rate is a separate variable from credit limit.

There is nothing in the terms that says that need to honor any particular interest rate in perpetuity. There is nothing that says they can't have a gradated interest-rate keyed to amount of credit used. I don't think this is "attacking the consumer" at all. They should explain this up front however - that would certainly be a good thing.
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