said by fAcEtIOUs:Well the 1st part came true - fees are now regulated and many banks have dropped some of them completely. But the 2nd part won't happen. The banks are losing a lot of income based on penalties & fees. So they upped the interest rates on most of their cards(to the highest rates in 9 yrs).
The whole credit card thing deserves to implode. The card companies jacked up fees to merchants to cover the cost of "rewards." They prohibit merchants from advertising a cash price (and adding a surcharge to credit-card purchases). Essentially causing the cost of "rewards" to be baked into the price everyone pays.
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