Sancho Panza wrote:
On 2/25/2012 12:30 PM, Adam H. Kerman wrote:

If that's true, then I suspect your credit limit is stored on the card.

If that was the case, the credit card issuers would not be able to
change the ceilings on the fly. That is before the card expires. And the
issuers can do that quite frequently at their discretion.

He finally provided some clarification about authorization. I didn't
quite believe that a central server wasn't being queried for available
credit.