Pay more, Get less

The costs of a credit card, the Annual Percentage rates (APR),  have risen last year. On the other hand however, the rewards, the advantages you get when using a specific card,  have decreased in that same period. The global credit crisis, the recession and the Credit CARD Act of 2009 are said to be the main reasons but when it comes to the credit card in general, people aren’t very positive either. Nevertheless there seems to be light at the end of the tunnel: there is strong faith that the economy will start growing again soon, the Americans have discovered their credit card again to pay their expenses and there is a third part added to the Credit Card act to make sure card issuers can’t raise the costs so easily anymore.

CNBC 

Brecht Rutsaert