A few of my friends have told me that their credit card issuers, which in some instances are banks, have without solicitation, increased the credit limit of their credit cards. This isn't a bad thing is the credit card holder can afford that but then in most cases, these credit card holders already hold more than a couple of credit cards and they only have one pay cheque.

Of course, compared to banks that are offering "loans", this isn't so bad if the credit card holder knows how to manage his finances and know where to draw the line in charging his credit card but I read about a pensioner who had his credit card limit increased so high even though he is a pensioner only and definitely couldn't afford that kind of credit limit.

In the end, after running up a moderate debt, his bank had to wipe off his debt as they declare that this is a special case which I think they are admitting to their error in extending credit to the wrong customer!