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Americans' Charged Relationship With Credit Cards »

Posted by: TechnologyExpert 2 years, 7 months ago
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Call it a love affair with a dark side. Consumers today can't get enough of their credit cards, slapping them down with a passion to pay for everything from fast food to plane tickets at a rate of 10,000 transactions a second worldwide. But while Americans love the convenience of plastic, they often hate the credit card issuer.

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I am Editor-in-Chief at Alice Hill's RealTechNews (http://www.realtechnews.com). I also have my own blog (Tech-Ex) at http://TechnologyExpert.Blogspot.com. Finally ...

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Comments: 4
  • Avg rating: (+6/-0 6)DoseASpinoza
    DoseASpinoza
    May 27, 2007, 1:01 p.m.

    It's about time someone starts reforming credit practices. But we'll see if this bill goes anywhere. Banking contributes a lot to politicians. That's how things got this way.

    • Avg rating: (+0/-0 0)dandur6
      dandur6
      May 27, 2007, 10:30 p.m.

      Not long ago you used a credit card for buying things you need a little time to pay for. I recall about 20 years ago the embarrassment of having to use my credit card at the supermarket -- it clearly meant you couldn't afford even groceries without the help of a lender. I'm only 46 years old - funny how values change so rapidly.

      Credit card companys have become abusively usurious, but I wonder if that because so many people now abuse their cards it's become necessary?

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