Only after the Taxpayer bails out the Credit Card Issuers.
I suspect the pay back of 2.7 Billion cost them a fortune in interest and fees.
To make that up they will continue to raise the APR's hoping they can make some profit.
Wishful thinking. I'm still waiting on AMEX to restore my CL. Like an idiot I continue to use them and PIF after they cut my CL in half. Once I get my cashback, I will be using my Chase Freedom exclusively.
Too bad they did not wait until March. Suze Orman said not to pay off the CC's anymore, but to save now instead. A total 180 degree turn from what she told Oprah in January. My how two months can change a financial "guru".
Pretty soon that Dave Ramsey dude will start telling people to apply for CC's. LMAO!!!
i do not know what it is Pappy, but i do not like suze orman!!! she is making money off of other peoples problems!!
I fully agree. In fact most of them are making money off of other peoples problems. Honestly most of those people are not members of this site. I have learned more in the past year of being a member here than watching any financial "expert" yap about crap on TV.
I feel like writing a book. Chapter One "Join MyFICO and Educate Yourself" and then leave it at that.