"@Dawnrazor:
People who pay off their balances monthly or who pay substantially more than the minimum payments are actually LOSING money for the CC company
They still make money on every transaction you charge via the transaction fees that the merchant pays."
"@idip: That's great, but the govenment bailing out the banks is just one solution.
The banks *could* realize they're about to lose big time and *stop* charging the late fees, high interest, etc., so that they stand a better chance of at least getting their principal back."
NotATool commented on Use UPromise To Pay Down Your Student Loans
http://consumerist.com/5098790/NotATool commented on Saved By Zero Will Apparently Kill You
http://consumerist.com/5096055/NotATool commented on 20% Of Citigroup Cardholders Can Expect Rate Increases For 2009
http://consumerist.com/5091420/NotATool commented on Woman Loses $400,000 To Nigerian Email Scam
http://consumerist.com/5087211/NotATool commented on Banks Want To Forgive Credit Card Debt -- But The Government Says No
http://consumerist.com/5085575/NotATool commented on Credit Card Defaults Hit QVC
http://consumerist.com/5085567/NotATool commented on Meet United Airlines' Less-Valued Customers!
http://consumerist.com/5082299/NotATool commented on Christmas Creep: Radio Stations Are In Full Holiday Mode
http://consumerist.com/5082067/NotATool commented on How To Save On Homeowners Insurance
http://consumerist.com/5071182/NotATool commented on Police Dispatch Log: Taco Bell "Steal A Taco" Promotion Turns Ugly
http://consumerist.com/5070369/next »