We have been long time customers of First Equity Card and lately everytime we make a payment which normally always higher than the amount required they put our card on hold and decrease our limit. They claim it is because of late payments of which have only been no more than 15 days late and the late fee is obviously paid. So as it seems this is turning into more of a loan type situation. One more thing is usually after the limit is decrease they claim we are over our limit...and another fee is charged.