At their inception credit cards were reserved almost exclusively for the financially elite. They were originally meant to extend the buying power of those who did not want to bother handling that pesky cash or the indignity of having to write a check. Look at us now, McDonalds reported last year that “plastic” will soon over-take cash transactions at their windows. Who-da thunk it? (more…)
Posts Tagged ‘mastercard’
Fair Credit Credit Cards
Sunday, July 13th, 2008
Say Goodbye to Hidden Credit Card Fees
Wednesday, June 25th, 2008
Direct Banc – The U.S. Senate is currently considering a bill which could possibly save consumers that use credit cards on a regular basis. The Bill, Credit Card Fair Fee Act, sponsored by U.S. Senator Dick Durbin (D-IL), contends that credit card issuers have an unfair advantage in the marketplace based on the fact that they control 40% of retail transactions across the country. The legislation is specifically aimed at the bank’s interchange fees that they charge on every credit card transaction.
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