How to Increase Your Chances of Credit Card Approval
(WorldNews Business)

Amid the COVID-19 pandemic and recession, many Americans are struggling to pay their bills — and as a result, credit card issuers are pulling back on the available credit they are offering consumers. That means not only is it harder to get approved for new credit cards, but cardholders are seeing credit limits on their existing cards slashed, too. “Lenders are being proactive by lowering limits and increasing score requirements so they are protected from a spike in defaults and losses,” says John Ulzheimer, a credit expert. He adds that even consumers with good credit are seeing their credit limits cut, and that he personally has had the credit limit lowered on two cards in the last month or...