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December 17th, 2008

Lot of credit cards…

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Posted by: The Good, the Bad, & the Ugly Editor
Tags: The Good, the Bad, and the Ugly, , ,

Banks, consumers brace for new US credit card rules

In 2007, Americans were using an estimated 694.4 billion credit cards with Visa, MasterCard, American Express and Discover logos, according to the Card Industry Directory.

Really? That’s about 2,000 credit cards per American. Doesn’t anybody at Reuters read the stories before posting to make sure they even make sense?

Lee O.

We corrected: GBU Editor

REUTERS photo by Sam Mircovich

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2 comments so far

December 29th, 2008
7:41 pm GMT

No, that seems about right :) The statistic I heard was an average of 10 per person in the U.S.

- Posted by Bank REO
June 15th, 2009
2:29 pm GMT

I do not know of a single credit card that earns you interest on a credit balance. That doesn’t mean there aren’t any. Good luck finding one, but I’m not sure that will count a lot to establishing credit worthiness.

- Posted by Best flash sites

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