Credit Card Industry Aims to Profit From Sterling Payers

[transistor]

NYT: Responsible card users may pay more - The New York Times- msnbc.com

"Banks are expected to look at reviving annual fees, curtailing cash-back and other rewards programs and charging interest immediately on a purchase instead of allowing a grace period of weeks, according to bank officials and trade groups."

lulz

 

[alexb]

That's some fine business sense there Lou.

 

[subigo]

cough... So, since they can no longer just randomly raise interest rates on people without notice, they're going to re-direct their bullshit scam. Because credit card companies don't make money other ways...

Oh boo fucking hoo... Now they have to give people a notice and reason before raising their rates. God I hate credit card companies.