Credit Cards and the Consumer: Don't Throw Baby Out With the Water

Wed, 04/14/2010 - 07:29 EDT - Seeking Alpha

Brian A. Davis submits:It wasn't so long ago that banks in general, and credit card companies in particular were rolling out consumer credit cards like there was no tomorrow. There were introductory offers that ranged from 6, 12, and even 18 months at zero percent interest rate (that's 0%) for highly preferred customers. The words "annual fee" were extinct... or so we thought.So a lot has changed over the past three years. Impending credit card laws will take effect soon, and customers as well as banks have all taken a bit. To be more specific, banks are looking for new revenue streams to build up cash reserves. Credit cards became a natural avenue of the cash-strapped banks. According to one article (here):Complete Story »

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Credit Cards and the Consumer: Don't Throw Baby Out With the Water

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