2012 was a relatively quiet year for the credit card industry. However, there were a number of developments that may have a far-reaching impact in the years to come. Here are the top ten credit card stories of 2012.
With the explosion of devices equipped with encrypted technology, it should be only a short period of time before both paper currency and the rest of coins in circulation go the way of the Canadian penny.
Nine months out of college and I'm finding that the real world is full of harsh truths: Napping in the middle of the day is frowned upon, an outfit based around leggings is never appropriate and my financial decisions will haunt me for the rest of my life.
A lot of people are drawn into 0% Intro APR and Balance Transfer Rate discounts without thinking what happens after they cease. Banks know that people screw up and are always looking for new credit users to milk fees from.
Though we rightly suspect that there's dishonesty embedded in the gap between public pronouncement and actual legislation being discussed, it is - by design - difficult to pinpoint who is actually spearheading the deceit, and how.
In truth, paying off your credit card balances is simple; there's nothing complicated about it. But it's not easy, because it does require sacrifice and scraping together the cash that will get it done.