[reaganaut1]

People who pay their bills subsidizing those who don’t.

I don't think this will actually happen, because a credit card company that tried this would lose its credit-worthy customers to a company that was more selective.

[P-Marlowe]

I don't think this will actually happen, because a credit card company that tried this would lose its credit-worthy customers to a company that was more selective.

When Citibank had to beg for tax dollars to stay afloat, I no longer considered THEM credit worthy, so I canceled my accounts.

I'm sure if I were in financial straits, they would have done the same for me.

[gridlock]

I don't think this will actually happen, because a credit card company that tried this would lose its credit-worthy customers to a company that was more selective.

So our Community-Organizer-In-Chief will just get Congress to pass a law that says that credit cards cannot be selective, and must issue to anybody.

Or maybe we can just have a complete government take-over, and have a nationalized credit card!

[bereanway]

Agreed. I think this is more a ploy as leverage against this legislation. They won’t have any on time customers left.

I presently use a CC, I pay off the entire balance monthly and I just got a cash back bonus of $650. If they begin to penalize me the CC will get cut up into small pieces.