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More Fine Customer Service From Your Friends In The Banking Industry
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Just so you know, credit card companies, even under the new rules, can cancel your card without notice. And they're cancelling cards on people who pay on time and have good credit. That's because those cards don't make them money. So it's down to this: You need a credit card because you can't carry cash around and some places, like online merchants, take only credit cards, not even debit cards. But if you pay on time, you may lose the cards. the only way to keep your cards is to carry a balance large enough for them to ding you for lots of interest and fees. But if you do THAT, your credit rating will take a hit. Yes, you're screwed.
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