|10-07-2008, 08:29 AM||#1|
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Here's How Those Credit Companies You Just Bailed Out Repay You
On Tuesday, msnbc.com reported on a new policy at American Express that allows the firm to penalize consumers based on where they shop and which bank holds their mortgage. Given the tenuous state of the credit card-issuing business, expect other issuers to follow suit, if they haven’t already. Experts say consumers also should expect their credit limits to be lowered for what might seem like arbitrary reasons and their balance transfer fees to climb.