Fedup
Thinks s/he gets paid by the post
Mine was not freeze. It was finally closed because they claimed I didn't use it, true, I had a zero balance for a long time. But it does give you more options. I also had another credit card which gives me large credit line, like $50k at 8-9% from a credit union, so that also helped with managing cash flow, I only had to pay interest, but I also closed that account because I had not been using it for years.I have a HELOC but I assume the bank will freeze it if things are like 2008-9. I don't expect we will see another crunch like that but I figure it will only help if I draw on it before things blow up.
Maybe look at credit union credit card line, I think PenFed gives me a large credit line with my credit card at 9-10%, if you worry about HELOC.
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