The Death Of Credit Cards

Government statistics have shown that for several months American have cut back on the use of credit. The news would seem to be bad for credit card companies, but there has not been much evidence about how bad. New research shows that half of Americans with access to credit may quit using credit cards. That would be a serious blow to Visa V and MasterCard MA The trend could also hurt earnings at the consumer bank divisions of many large financial firms. To read the rest, head over to 247WallSt.com