This post is about credit cards. I got my first credit card when I was in college and was told to pay off the balance every month so I would retain “good credit.” If I failed to keep up my payments, then I would get charged “interest” by the credit issuer as a nuisance charge and I would be liable to wind up with “bad credit.”
The best part of a credit card is that you don’t have to touch any of that filthy money…cause getting your hands dirty was “bad” too.
In the ten years that I’ve had a credit card, I’ve only seen my interest rates go up. Of course when you spend a lot on the credit card, then the bank will take more interest in you and so they’ll provide you with “cash back bonuses.” I think this is trickle down economics at work, where I spend $1000 and get one dollar back.
Anyway, here is a website that is as frustrated with the credit card companies as I am. Click here to see Change In Terms. The writer of this website says that he’s taking the fight to the banks, so more power to him.
The site provides a number of helpful non-violent suggestions for us all to do. It’s more than just writing your congress person. The writer also spends a little time talking about transparency which is good. There are also a number of rants by upset credit card holders to provide some broader perspective.