It is unlikely that the limit was lowered because of the pay off. Many card issuers are pulling limits back regardless of payment history or credit history. My suggestion would be to contact the card company and ask for an explanation of the reduction.
Yes, you are liable for your husbands credit card.
No. She must get a credit card in her own name since the guarantor on the account is deceased.
Interest does not accrue on credit card debt after the card holder is deceased. It can occur however, if the spouse is on the account.
Account holder deceased
The annual fee of a credit card is a charge applied once yearly. This charge is the cost of having the credit card. There are many credit cards available that do not charge a fee. The credit cards that do charge a fee often offer rewards, like travel.
Only if she is also on the account. If not, then absolutely not. You can get yourself in a heap of trouble by using the credit card of a deceased person. You must notify the credit card company of the death and close that account.
The deceased's estate is going to be responsible. The spouse can be held as a beneficiary of the costs and by inheriting less from the estate.
Yes, you are liable for your husbands credit card.
decreased
Indirectly. The estate of the deceased husband is responsible for resolving all of his debts. Since the widow is going to be the primary beneficiary of the estate, she will inherit less because the estate has to pay the debt.
Accounts receivable is decreased with credit balance or by receiving the cash from customers.
The use of a deceased person's credit card would constitute credit card fraud. Unlawful use of a credit card is a criminal offense.
No. She must get a credit card in her own name since the guarantor on the account is deceased.
A good place to start would be to contact the credit reporting agencies and request a copy of the deceased's credit report to notify the creditors.
Interest does not accrue on credit card debt after the card holder is deceased. It can occur however, if the spouse is on the account.
You should call the credit card company.
The estate (whatever the deceased left behind) or a co signer on the card. The person in charge of the estate (executor) does NOT pay for any of the estate's debts out his/her pocket.