This is becoming more commonplace, and the banks have every right to do this.
Money spent on a credit card is not your money. It is the bank's money, and they have a duty to ensure their money is spent wisely and will be paid back.
Yes, I agree. But people doesn't have the control to buy anything they want with their credit cards. Well for me that in the case the first time I have like 3 approved credit cards. I went into a shopping spree, but its to late, I was in debt and soon I have to learn it the hard way .
But I don't know about the banks duty though, for me they gave you those credit cards so that later own you will be struggling to pay and the banks will besides the monthly fee.
So I don't know what suddenly they have this restrictions. And I don't buy that argument about they so called duty to ensure that should spend it wisely. Lol.