Credit cards just seem to be booming these days according to VISA, and its rivals Mastercard, American Express. Visa earnings increased 33% but I dont think they are going to keep jumping as the consumers payments keep increasing. In fact I think its going to get bad and no ones going to be able to pay them fully back. I think its just the beginning of credit card debt and its going to turn into something serious shortly.Credit cards are helpful but also scary. Personally I only own one of them and have a set limit of 2,000 dollars. I dont buy something if i dont have the money for it. Thats just pure stupidity and most americans are completely opposite of me and they do spend. They will regret soon though as Visa increases percentages of payments as they say they are going to soon.
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