What happened to the bail out money to the credit card companies?

Be a deadbeat and pay your cards off in full each month so you don't pay interest or fees.

Lets creat more law to save us from our bad spending habits.  Buy now and pay later because we have to have the latest fashion!  The Dems will save us!  Just pass more law to protect us!

Wait! Obama will save us!  Free money for everyone!

yeah Steven, because no Republicans ever do anything wrong and everything the Republicans do is right.  Shortsighted, one dimensional thinking like yours is what is getting us into all this trouble.  Neither side has all the answers and until we stop acting like children who are going to take our balls and go home whenever someone says or does something we don't like, we will never get out of the mess we are creating.  People need to learn to work together, to accept criticism, to accept ideas that aren't there own and to compromise for the greater good instead of focusing on their own self-interest.

I'm doing what I can to pay off my balances as fast as possible even if I have to eat spaghetti for the next year. Then I'm writing each of my credit card companies and letting them know that I am closing my accounts with them and telling them to pound salt.

It will be a joy to shred each card.

What bothers me the most is that the government knew and knows that this is going on and hasn't done a thing about it. But then, we've made our bed.....it's time to sleep in it!

I recieved letters from both of my credit card companies on the same day. They both were advising me that my rate would increase. I called them both and was told the reason was so they could remain profitable. Despite my never being late with a payment and usually overpaying each month for 20+ years they both refused to budge and would not leave my rate where it was. I told them to both pound sand and paid them off. I now carry cash, not that its worth the paper its written on. Thanks for all of the help Mr. President.

Remember the banks are a business, they loan you money so you can buy what you want now without waiting and saving. Is it criminal for them to ask for the money back with interest? No, it's they have provided you a service with a fee, just like every other business does.

Regions cut my credit limit from 18,000 to 2800 without notice and Adantage quit the card business.  Though I pay off the card every month, the bank will still lose the 2% or more they charge merchants.  How did this Obama bill help the economy?  Personally I just spend less.

While it may sound callous, the upside to increased minimum payments is to DECREASE THE PRINCIPLE OWED! While it may be a tough pill for some to swallow (difficult to pay), DECREASING THE PRINCIPLE is GOOD for those carrying a credit card balance, in case they didn't know. Pay them off. Use credit cards wisely, or not at all.

I had a Chase Card, I had a Capital One card. I always paid ahead and never missed a payment. I have perfect credit and both of these companies raised my rates. Chase increased the rate from 6.5 to 11% and Capital One raised their rate from 6% to 18 %. Both of these companies are crooks just like our congress! I will never deal with either one of these banks again. I have closed both accounts and paid them both off. I guess they can't gouge me any more but there are millions who they will continue to gouge. I hope both of these banks go broke.