> Every time they upped up my limit I used to feel pleased, it was like an
> acknowledgment that I was doing well.....but then I thought:
You're right to be suspicious. The only reason they upped the limit is so that you can reach the point where you're no longer able to repay the cash you've borrowed on the card, and you can then be put onto the high-interest loan-facility, where the banks can finally make some money out of you as a credit-card holder.
> Will have it lowered to about 1500, that's as much as I'd ever want to
> spend per month (emergencies only).
A better idea. In fact, it's an even better again to hold a few different credit cards from a few different companies, just in case one card is compromised.
> Will the day ever come that it will be illegal for CC companies to up
> your limit without your permission?
It used to happen by default, but I believe that the banks were rapped over this last year sometime and have quietly stopped upping the limit, at the behest of the regulator.