31st

December, 2008

2008 Credit Cards in Review

When you look back at how 2008 treated its credit card consumers, it could only be defined as a roller coaster.  Early in 2008 the economy was riding high; business was booming in most parts of the country, the housing market had been fun for everyone and every credit card issuer was offering fantastic rewards programs with big up front bonuses … even if you didn’t have the best credit in the world. And then, in October of 2008, everything fell apart.  A somewhat complex cause of debt vs. liquidity became apparent and in less than 24 hours, every bank…

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