tag:blogger.com,1999:blog-15329279.post4339803566608214310..comments2023-08-25T05:18:29.312-06:00Comments on Madville Times: Credit Card Reform Act Kills No Jobs Yetcaheidelbergerhttp://www.blogger.com/profile/03261598066395322681noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-15329279.post-80444927822674408572009-08-27T09:29:57.203-06:002009-08-27T09:29:57.203-06:00I'm with you, Tony. I like my rebate check, bu...I'm with you, Tony. I like my rebate check, but as I <a href="http://madvilletimes.blogspot.com/2009/05/new-credit-card-rules-personal.html" rel="nofollow">acknowledged back when the bill passed</a>, we don't really deserve those freebies and can't complain if the credit card companies take them away (paying bills on time is the default moral position, not exceptional behavior deserving reward). Worse, we're making that money on the backs of the subprime borrowers that the credit card companies rope into bad deals with predatory lending.caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-88980162046355026852009-08-27T09:12:01.388-06:002009-08-27T09:12:01.388-06:00CAH:
I certainly wouldn't feel bad about losi...CAH:<br /><br />I certainly wouldn't feel bad about losing rewards and such. Recognize that those of us that pay off our balances every month and simply use it for convenience and fraud protection really don't provide any revenue for the credit card companies. When we receive rewards someone must be paying for them and of course it's the people who are caught in the credit trap that pay for our rewards. It's basically a tax on the poor who can't afford their bills to give rewards to those who can pay their bills.<br /><br />Super, super regressive process...Tony Amerthttps://www.blogger.com/profile/00926509220711589398noreply@blogger.com