What do you think of the new credit card regulations? Will they actually hurt responsible users?
In order to help irresponsible credit card users, the new rules may actually hurt responsible users. In order to pay for complying with the new rules, banks may actually raise fees for responsible people who pay off their balance every month. I only use a no annual fee card that pays me either airline miles or cash back. I pay the full balance every month and have never paid a fee or interest. Will responsible people like myself now have to subsidize the deadbeats.who are protected by the new rules?
I pay mine off every month also. If they decide they want to penalize me in any way I will cut the card into many many pieces and tell the credit card company to shove it up their @ss…
In those exact words…