Why has Sen. Dick Durbin, D-Ill., declared war on credit cards?
Americans are in love with paying with plastic.
Perhaps too much so – given that credit card debt now exceeds $1 trillion.
Get the hottest, most important news stories on the internet – delivered FREE to your inbox as soon as they break! Take just 30 seconds and sign up for WND’s Email News Alerts! But paying with plastic has become a sort of American pastime – so popular and convenient (especially reward programs that offer cash-back payments, frequent flyer miles and other discounts) that there are now an estimated 500 million to 1 billion credit cards in circulation and close to another 1 billion debit cards. This means there are multiple more credit and debit cards than there are adults in the U.S. TRENDING: Teacher knocked out cold after student throws metal chair at her head That’s a big […]
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