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Originally Posted by The Budget Man
It's the old old story.... Businesses get greedier and greedier with their customers until they find the maximum point where they are getting the top return on customers.
You see the same in the supermarket. The price of chickens has nothing to do with what they cost to produce. The price the store charges is the highest price they have found that people will repeatedly buy their product for.
Unfortunately it means that we the customers always need to be mobile with our purchasing, including credit cards which at the end of the day are no different from chickens. They are both products sold at a price that will earn a profit for the people selling them.
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It's not a question of getting greedier and greedier.
Why are the CC companies in business (or any business for that matter). To make money, including money for their shareholders. Now, if they don't make more money, shareholders will dump their stock, making the company worthless.