So, let me get this straight. If I pay off my credit card balance each month, just like a good consumer should, I will be punished with higher annual fees and termination of my rewards program?
This really makes me angry. I understand this proposed bill (already passed by the senate I believe) would be helping those who are in debt up to their eyeballs, that it protects those who have debt from being blasted with high rates without proper notice or from fees from going over the limit or being late on payments, but at whose expense? It is downright insulting to me that this bill is proposing to offset these protection strategies by punishing those who are being financially responsible.
I fear this is only the beginning.