Comments on: How Will Credit Card Issuers Respond to New Regulations?

By: Prepaid Services

Prepaid Services — Mon, 13 Jul 2009 06:13:58 +0000

Yes! This is definitely going to be a huge issue if there’s a cutback in the rewards and cash rebates. The good thing that I see in this is that the Act will ensure that credit card issuers give the card holders a 45 days notice before they raise interest rates unlike in the past when they did so on their own terms. Though some people expected immediate relief from their burdens sooner.

By: Legitimate Work From Home

Legitimate Work From Home — Tue, 26 May 2009 13:19:26 +0000

It’s unfortunate that CC companies even started the rate increases, etc. I think they’ll cut back any reward programs as well as reduce their customer’s line of credit. The CC companies are a business – trying to make a buck – at the sake of their customers.

By: Chuggin McCoffee

Chuggin McCoffee — Fri, 22 May 2009 16:47:23 +0000

I think that that is going to be a huge issue if there is a cutback in rewards since that is one of the main reasons that I’m usually suckered into getting multiple credit cards.