Quote:
Originally Posted by Bill
Personally, I figure the nation has adopted a more wary attitude towards the credit card, and thats a big cause of the drop in membership sales.
Banks also are reducing credit limits on millions of credit cards.
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Increases in
valid credit cards being declined
(20-50%) are being reported in both B&M and online. At least in a restaruant you generally pay the bill after eating, and have the option of using another card or cash.
And let's face it. The interweb is powered by
credit cards until some better way is found.
Maybe some of the consumer/business advocacy groups will start pushing the government/banks to free up credit at the consumer level 