Since most of us enjoy spending at least some of our time griping about credit card companies, here’s a little something to get you going—it’s called the Universal Default Clause.
As if getting approved for a credit card isn’t hard enough these days, credit card companies actually have a way to make it harder for you to hold on to your credit card. And here’s how they do it…
A bank issues you a credit card with a certain interest rate and a certain spending limit. As long as you don’t overcharge it and you make all your payments on time, you should be fine, right? Not necessarily.







