levin70

When Banks Try to Defend Credit Cards

Takling the other side of the argument....

Banks should be able to charge whatever rate and whatever fees they want. There are thousands of banks issuing credit cards today. Don't like the fees your bank charges you, cancel the card and get another from another bank. Or better yet, cut up the card and don't use it.

Excuse me, but last time I checked the banks were not holding a gun to my head and making me use their credit cards and borrow their money.

You all realize that its the least marginal borrowers who get hurt by these changes? And no, I'm the farthest thing from a marginal borrower as I like most of the people who post here pay their balance in full each month, early, and thus don't incur any of the aformentened fees anyway.

Regards