Maybe, relevant consent is implied in the "I Agree" buttons, that we all click without reading. :-) On 2026-01-31 12:58, Don Tai via Talk wrote:
Maybe this is a guideline and not a law? Increased limits has happened to me multiple times. I have to call and have the limit reduced.
On Sat, 31 Jan 2026 at 12:55, John Sellens <jsellens@syonex.com <mailto:jsellens@syonex.com>> wrote:
On Fri, 2026/01/30 04:44:57PM -0500, Don Tai via Talk <talk@lists.gtalug.org <mailto:talk@lists.gtalug.org>> wrote: | credit card companies have a nasty habit of auto-increasing our limits, by | a lot. It is in their best interest to provide you with the max limit | possible. They can do this without asking you.
Not in Canada: "6.(1) An institution may not increase the credit limit on a borrower’s credit card account without first obtaining the borrower’s express consent to do so." https://www.canada.ca/en/financial-consumer-agency/services/ industry/commissioner-guidance/guidance-5.html <https:// www.canada.ca/en/financial-consumer-agency/services/industry/ commissioner-guidance/guidance-5.html>
(This is perhaps a little off-topic ...)
Cheers
John
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