In the wake of the Northern Rock crisis Barclaycard has been reviewing the spending limits for many of their customers. They have also been rejecting more applications for new cards, in what could signal a crackdown on consumer credit. About half of all applications for new Barclaycards are now being rejected. Barclaycard have also seen a 17% fall in profits due to problems with bad debt. I have always thought it much too easy to get things on credit and can see how people can build up huge debts that they can’t pay back. I think this seems like a wise move from Barclaycard.