Here’s something you won’t see on the “Mainstream Media”…
It’s possible that YOUR credit card may soon be cancelled.
I’m going to tell you why and I’m also going to tell you what you can do about it.
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First, here’s a quick summary for those of you who love summaries:
A growing number of banks are cancelling or scaling back rewards-based credit cards as part of a broader retrenchment in consumer lending. Several major issuers have begun discontinuing high-perk cards entirely, while others are stripping benefits, reducing points values, or tightening qualification standards.
The primary driver is financial pressure within the banking sector. Rising loan losses, tighter margins, and higher regulatory and capital-reserve requirements are leading institutions to cut costs
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