I don't have an NRA Visa Card, but I do have several credit cards.
I am a credit user. I run them to about half the limit, then pay them down the following month/paycheck. I've always been of the opinion that, so long as you're responsible, a credit card is safer than cash.
As of late I haven't really been using them at all however except to pay bills here and there. I just keep a small balance on each for the sake of a higher credit rating. 25% the limit seems to be the sweet spot. And so long as I turn them over regularly, most if not all the interest charges are non-existent, falling under the grace period.
Recently I got letter for all but two of my credit card providers. They all dropped my limit to what I currently owed. When I called each of them of stomp some heads over this, they all had pretty much the same canned response. "Due to the economy and the changing credit market we are currently scaling back the amount of outstanding credit we offer..."
blah blah blah.
Well, that's fine for them. But here's the rub... whereas before I looked great on the books with a good amount of available credit and very low debt ratio, now I look maxed out. My nice 814 credit score has subsequently dropped over 100 points to just under 700.
What... the... F?! I've been nothing but a responsible credit user for almost two decades. I've never missed a payment, my credit "rap sheet" is green across the board. And now it's been artificially lowered through no fault of mine.
On one hand, I'm all about every man for himself. These credit banks are looking out for their bottom line and unfortunately I'm just collateral damage. Oh well. Right?
But... on the other hand I am of the opinion that when they gave me the limits they did, we entered into a contract whereby they agree I can borrow a certain amount from them (my credit limit) so long as I hold up my end of the contract by not breaking its terms and defaulting.
I held up my end. But they have not, and in doing so they have damaged me. Hmph. Ticks me right the hell off.
Oh... and the two that didn't? Discover and HSBC (under the banner of GM... pfff).