This occurs when a credit card company does something that has a negative effect on your financial position. This could include denying your application for a credit card or raising the interest rate on your current card because of a problem with your credit.
*Disclaimer: CreditCardGuide.com is an independent, advertising-supported comparison service. This site may be compensated when a user clicks an "apply now" button. Every attempt has been made to present accurate information. However, all credit card information is presented without guarantee. After clicking on an offer, you will be taken to the credit card issuer's web site where you can review the terms and conditions for your selected offer.