For starters, the AmEx green is not a credit card. And, you worked it up to a platinum series while managing to never realize the benefits of their rewards program, which is close to, if not the best around? Right...
Nope, by my logic "people that live in a glass house should not throw stone at others". Republicans complaining about spending is similar to a guy that volunteers at a domestic abuse center during the day and goes and beats his wife when he gets home. Edit. You could not think of a better example than something so disgusting this early in the morning.
Hmm - this title says it all: "Monday, September 25, 2006 Republican Spending: Another Reason to Vote for Democrats"
All I can say is, Wow!!!! I don't understand where the animosity comes from. My first credit cards many years ago had an annual fee. Then some years later I received offers for new credit cards that had the same terms but no annual fee. I did not demand that the CC companies send me these offers, they sent them to me by their own choice. Now, I don't know about you but it seemed to me that the better "deal" was the CC's without an annual fee so I switched cards. Then some years later, again unsolicited, I received offers for CC's that not only had a lower interest rate, higher credit limit and no annual fees but also had a cash back program. Again, the choice to me seemed obvious and I switched CC's. In the future if CC companies change their terms and/or offers, I will continue to choose the option that makes the most sense for me. I don't see this as "punishment". The CC company has to determine what is the best way for them to make money. Once they decide their terms I will then decide which CC I will hold if any. However, to somehow blame those that make the best use of terms offered (not demanded) is ridiculous. Joe.
In addition, no need to feel sorry for those with CC balances who are getting abused. If you don't like what your CC company is doing to you, PAY OFF YOUR BALANCE! Can't? Well then, shame on you. Nobody forced a "credit card balance" lifestyle on anyone.
Nah, there are those that feel entitled to the American Dream without working for it and to also be protected from the evil CC and bankers when they don't live up to their end of the bargain.
You have a point. But, 2-3% is not enough for the CC Companies. They want 20% rate of interest plus the processing fee. They are willing to lose some of the money as bad debt, but this 22-23% is a lot of money and far outweighs the good guys that earn them 2%.