Roger G.

Double Whammy: Bank Card Companies May Be Next

Andrew Horowitz, should understand that VISA and MASTERCARD DO NOT make money giving credit. They make money on transactions fees only. People will not stop spending money on credit cards. They are both in a unique position, when it comes to making money. Transactions are going up and up only. Everyone has started buying gasoline and groceries on their credit cards. VISA & MASTERCARD WILL ONLY GO UP AND UP.