Wednesday, 11 November 2026

Where This Credit Card 'Evolution' Goes

By the end of 2027, I'll predict these changes coming over credit cards:

1.  Rate is established at 10-percent. 

2.  Immediately, the C/C companies put out a letter.  Around one-third of all holders (mostly folks making $40k or less) are given their 'freedom'....no more credit.  Just pay your debt situation and be finished.

3.  From the remaining crowd....there's going to be a yearly fee (probably minimum of $100, on up to $1,000) to have 'status'.

4.  From this crowd....half will be limited to a max of $8,000 of credit. The rest will have some formula....50-percent of your yearly income.

5.  Some major congressional hearings about will occur....drawing negative attention over M/C and Visa.  At a key hearing, the 'bosses' of the card empire announce that forty Senators/Congressmen....have over $80,000 in credit card debt....suggesting that they might announce the names of the individuals.


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