Reading Reaction Journal #3

Reference

Grant, kelli B. (2009, Feb. 12). Credit-Card issuers: Buy something or else! Smartmoney.com.
Retrieved on Feb. 18, 2009, from http://finance.yahoo.com/loans/article/106572/credit-card-Issuers

Summary

In the article, " Credit-Card Issuers : Buy something or else!" the author points out that a lot
of cardholders have difficulty in problem that they couldn't credit card any more. Because credit-card issuers cut their limit since users didn't use credit card for a long time. But they are complain about provider's behaviour. In paticular, provider didn't inform to consumers any warning. Although many users complaint, credit-card did it. Because they consider the consumers who hold inactive card as a potential risk.

Reaction

Credit card debt has soared nowadays. As we have seen, everyone have difficulty in economic
problem. If a card holder is late paying a paticular credit card issuer, that card's interest rate can be raised, often considerably. Moreover, a customer's other credit cards, for which the customer may be current on payments, may also have their rates and credit limit changed. Credit card issuers have the take advantage of their's customers. It is certain to be unfair absolutely. Nevertheless, they don't give something extra to credit card users who have difficulty in economic problems. Paticulary, no warning is the main culprit in rising levels of credit-card users' complaint. I know the importance that company has to make money. But I think that the more important thing is how makes money. In conclusion, I have come to the conclusion that credit card issuers change thier system toward customers. If not, we have to reconsider using credit cards.