Making the minimum payment and on time is not good enough in this current market. AS the recession continues to go on, credit card companies are expecting consumers will have a tough time paying their bills. So even if you have always paid your bills on time it's what is going to happen next month that the credit card companies worry about. And when you are always only paying your minimum payment it is a red flag to your credit card company.It's a warning to them that you may be heading into trouble.
Only paying the monthly minimum payment alerts a credit card company to the fact that you may fall behind on payments during a recession and you will continue to let your balance grow if you fall on hard times. That is the last thing you are the credit cards companies want. So to keep you from doing that they reduce your limit.
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