because credit cards are bad it you can’t handle your spending.
Because you are paying someone else for the privilege of spending your own money.
We love giving 18% of our money to this mysterious gigantic entity called Master Card/Visa.
Where the hell is this entity?
If you don’t have the cash in your pocket, you can’t afford it. The only exceptions should be i you’re really in a bind and need to charge some cheap food to get you through a couple days.
Amex has reduced the limit on many credit lines across the board. Not because those folks were not paying but because it has become a huge liability for Amex. On top of that we have the crisis going on. Also other chains are starting to go after the Wal-Mart audience.
I gotta tell you, I had 1 terrible customer service experience in a Wal-Mart which unfortunatelly for Wal-Mart was my first and last
Consumers spend less and save more these days!
People have maxed out all their credit cards.