I was on LinkedIn the other day, a fast-growing business networking tool.  On one of their forums, there was a long rant from several folks about American Express and their decisions to cut credit limits without notifying customers.  I didn’t really investigate the details at all, but it would definitely be wise to stay on top of your credit cards.  Make a spreadsheet of every card you have, their interest rates, your credit limit, their transfer/cash advance policies, and any balances/min payments you have.  This is especially true if you have business cards which could suddenly be useless in the midst of travel or large expenses.

This also may be a great time to sign up for a new card if you have good credit, as well as to close cards to improve your credit rating.  I’m a big believer in using credit cards in lieu of checks, racking up miles and points and paying off balances.  Don’t jump in the water, though, if you don’t have a good handle on your finances and your control of them.