Citi is leading the way. They are the first of all the rest.
Thanks to the legislative changes, ALL credit card companies have to change their operating models. - not making a judgement on the legislation or the companies. The change is a fact.
If a company has to change the way they do business, who is going to pay for that? THE CONSUMER - ME and YOU!!
the estimates I have seen to make these changes are staggering. More and more changes are coming our way. THe ways we are used to getting money in America will continue to change. Mortgages, loans, student loans, credit cards, etc. We are in for big cultural changes.
again may all be for the good, but change is always difficult.
Pay off your bills! Save as much as you can. You will never regret it.

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