DislikedCard companies want to sell me fraud protection, and I tell them I think they should provide that service for free. Since they will be the ones covering the losses. If I am victim of cc fraud, it will be a cold day in hell before I pay for them.
I am surprise you guys are getting shut down or having rates increased. I haven't gotten anything of the sort...yet. I have Amex, MC, Visa and Discover. If you ask me, these changes look more like efforts to raise cash and lower exposer to consumer credit markets - the next big US collapse.Ignored
Two differences, though. The mortgage debt was secured by the real estate, and, people had more incentive to pay the mortgage to prevent losing their home. Neither of these applies to credit card debt. So, the next big banking debacle could be worse.