Quick article about mortgage crisis spillover into higher CC rates and lower limits: http://www.msnbc.msn.com/id/20609360/
More reasons to keep your credit report cleaned up. The CC companies will be looking for more excuses to charge more interest.
Although the "utilization" factor of scoring could be an issue, I am sure they will start looking harder for signs of "distress"...
...especially if there's a default rate clause. I love the logic: If they are in distress, we'll charge more interest and fees. Talk about the sharks circling at the first whif of blood.