Credit Cards

[eulesseagle]

thanks prez..........

http://www.nytimes.com/2009/05/19/business...mp;ref=business

[Guest JohnDenver]

thanks prez..........

http://www.nytimes.com/2009/05/19/business...mp;ref=business

It's all a lie. I have sterling credit, no debt and pay off my card nearly every month. Yet they raised my rate to 19.9% a couple months ago. Why? Because they say the defaults are high .. My problem? Nope. But they make it mine. They decide to lend to risky card holders. Not me. This is outside the scope of "perks." I support regulating credit card practices... such as raising rates outside the realm of their borrowing rate and *my* credit rating.

Credit cards slightly better than payday loans. Predatory at best.

[meangreenacct]

thanks prez..........

http://www.nytimes.com/2009/05/19/business...mp;ref=business

You can't believe anything the liberal media writes...if it's not from world net daily, why bother reading?

[Guest JohnDenver]

A report on Double Jeopardy

[SCREAMING EAGLE-66]

It's all a lie. I have sterling credit, no debt and pay off my card nearly every month. Yet they raised my rate to 19.9% a couple months ago. Why? Because they say the defaults are high .. My problem? Nope. But they make it mine. They decide to lend to risky card holders. Not me. This is outside the scope of "perks." I support regulating credit card practices... such as raising rates outside the realm of their borrowing rate and *my* credit rating.

Credit cards slightly better than payday loans. Predatory at best.

---The regulations on bank-cards proposed by this administration are needed to protect card users... read them.... don't assume what they are proposing is bad, they are needed. . The banks are now trying to figure out other ways to get to the consumer now. Personally I don't care what the "leading rate" is. . I pay them off every month.... and if they try to impose usage fees then it will back to cash and checks for me except when traveling. I never use them in restaurants now..... too many cases of number theft by employees... No one makes people use them.. Bank cards did not exist before the 60's and few credits cards did. People can survive without them and most people people would be better off without one. I would like to the think all of the "credit-card stupid" people for the perks that I have received. (free gasoline, airline tickets etc.)

---If you pay them off every month... why would you even care what the rate was ???

---What is with the "Thank Prez" comment. His actions and proposals have all been about protecting the card user... not the bank. They are trying to stop banks from raising rates on balances that currently exist... and limit the higher rates to new purchases. At the same time, payments are to applied to the older purchases... sounds fair to me.

Edited May 19, 2009 by SCREAMING EAGLE-66

[Guest JohnDenver]

---If you pay them off every month... why would you even care what the rate was ???

I don't, really. Thus I still use my card for monthly purchases. There are the occasions that I am traveling and don't pay the bill, so the auto payment kicks in and does the minimum. At that time I will have some finance charge that I am stuck with because I wasn't near a computer to pay the bill outright.

[SCREAMING EAGLE-66]

I don't, really. Thus I still use my card for monthly purchases. There are the occasions that I am traveling and don't pay the bill, so the auto payment kicks in and does the minimum. At that time I will have some finance charge that I am stuck with because I wasn't near a computer to pay the bill outright.

Suggest you find another card if rate is that high. They used that as an excuse to raise it I'll bet. I am assuming auto payment doesn't mean car-payment. Public libraries have computers... I use them when traveling....(just need to be careful with them) A stamp and envelope works as well....Just send in an estimate or maybe an overestimate.. you have the address. So what if you have a few dollars balance the next month. It is not wasted money and beats penalities.

[oldguystudent]

I don't, really. Thus I still use my card for monthly purchases. There are the occasions that I am traveling and don't pay the bill, so the auto payment kicks in and does the minimum. At that time I will have some finance charge that I am stuck with because I wasn't near a computer to pay the bill outright.

I feel you to the extent that I used to travel as much as three weeks out of any given month. I learned to carry my checkbook and a roll of stamps with me everywhere I went. I checked my balances and due dates online, and wrote checks on the go if necessary. It was especially important since my company imposed a requirement that we use their American Express corporate cards for our expenses. We had our own names and credit ratings attached to those cards, so it was really important to pay off the $25,000 or so a year I spent on it in a timely manner. It was inconvenient, but so is keeping a supply of freshly ironed clothes in an environment where you're even never quite sure what time zone you're in.

Edit -- I was never without a computer, but if I had been, I would have traveled with a list of phone numbers to check balances and due dates. Another inconvenient step, but it sure beats getting finance charges tacked on.

Edited May 19, 2009 by oldguystudent

[eulesseagle]

SE66-

Opps, I guess you are right. We should feel a little better that we are now going to subsidize those who have little to no responsibility to handle personal finances by getting gouged a bit more on credit card interest rates. Hummm, similar to those who over purchased homes who will receive federal help (our tax dollars supporting irresponsibility). Egalitarian, equality & brotherhood for all of us. I sure as heck do not mind paying those who can work but choose not to so they can collect welfare (our tax dollars supporting irresponsibility). What I really like is supporting people who cross our borders, illegally, having a baby then collect a nice government check (our tax dollars supporting irresponsibility).....a banking friend of mine says that some bring in social security checks of up to $2,000 per month and deposit/cash them with a Mexican Consulate I.D.. I would guess that some will go to Western Union and send some of our tax money to Mexico to family.

Eventually what will occur will be those who are on the cusp of working paycheck to paycheck take advantage of the government "social(istic)" welfare option because they can make about the same without the responsibility. Well, you know what that means? One more person or family that we will have to support (our tax dollars supporting irresponsibility). I saw this were my mother's family grew up in Shannon County, Missouri. Government introduced welfare and a once prosperous community became the third poorest county in the country in one generation. Just a bunch of lazy hillbillies. Of course being from there I can call 'em hillbillies to their face and they won't do anything but laugh. You call 'em a hillbilly and they will make sure you leave town with about the same number of teeth or less than what they have.

I, too, carry zero balances on my cards, except one. I just rotate them to keep an annual active balance on them throughout the year.

Since we have been programmed to accept government socialistic programs like welfare, farm and transportation subsidies and now housing and credit card subsidies .... well, hope and change is here.

[eulessismore]

thanks prez..........

http://www.nytimes.com/2009/05/19/business...mp;ref=business

ee, there's nothing in the legislation, approved by the Senate 90 to 5 (so, I'm guessing there was broad based bipartisan support) that requires the credit card issuers to charge anyone additional fees, interest, or whatever. That is the proposed response by the INDUSTRY to the legislation, in case you weren't noticing who was being quoted. And where, other than the headline, is the term "Sterling credit" mentioned, much less defined? For all of you here who have mentioned paying your balance in full each month, the Industry has a word for you, "deadbeat".

"Robert Hammer, an industry consultant, said the legislation might have the broad effect of encouraging card issuers to become ever more reliant on fees from marginal customers as well as creditworthy cardholders — “deadbeats” in industry parlance, because they generate scant fee revenue."

Don't want to suffer the ill effects of all this? Do like me; don't pay interest on anything for which you don't know the total payout and term of the credit, such as a new vehicle or a house. Credit card issuers have ways to earn income, such as processing fees (yes, we'll have them passed on to us by the retailers, but it's once and done), or annual fees. Don't like that, don't use credit cards.

Unlike you, my heart sings that for once in recent political history, the Congress doesn't see it's role as being a thug for the financial services industry, which seems like, after having gotten everything it asked for in the "Bankruptcy Reform" legislation, never provided the cheaper credit they said would result, then went on to become our biggest corporate welface case.

Go ahead and cry for them; don't expect me to join the pity party. I contributed at the office. And by the way, unlike the credit card industry, I don't consider any of you "deadbeats" for paying your balance off in full each month.

Oh, I guess I should give you credit for quoting a "liberal" media outlet such as the NYT. I still think it's all about money as to what any media puts out. I guess if I thought they were "liberal" or "conservative", that might mean I thought they believed in something other than being self serving.

Edited May 20, 2009 by eulessismore

[UNTFan23]

If credit card companies are going to bring back annual fees, I think you may see people shrink the number of cards they have. I have 4 and would consolidate down to 1 and if that means dropping my NT Exes card with B of A, so be it. I think you may also see points and cash back on purchases go away or be severely limited.

In the long run, getting a card with a local community bank/credit union might be the way to go as those financial institutions tend to be quite competitive for your business and you might find the best deals there.

[eulessismore]

If credit card companies are going to bring back annual fees, I think you may see people shrink the number of cards they have. I have 4 and would consolidate down to 1 and if that means dropping my NT Exes card with B of A, so be it. I think you may also see points and cash back on purchases go away or be severely limited.

In the long run, getting a card with a local community bank/credit union might be the way to go as those financial institutions tend to be quite competitive for your business and you might find the best deals there.

I agree; I can't think of anything I gained for banking 20 years with what I now call the "Bank in America" (I just can't bring myself to think they're "of" America). Being the biggest doesn't make any bank the best.

[SCREAMING EAGLE-66]

I agree; I can't think of anything I gained for banking 20 years with what I now call the "Bank in America" (I just can't bring myself to think they're "of" America). Being the biggest doesn't make any bank the best.

---Most of those Bank-type credit cards issued are actually operated by a larger bank and just offered by a local unit. Locals don't have that kind of resourses. One big advantage of a nation-wide bank is the ability to get cash in many many cities..... It reduces the need for a credit card or carrying large amounts of cash. Big national banks are good if you travel a lot... if not ... not much advantage so use a local type bank.

Edited May 20, 2009 by SCREAMING EAGLE-66

[eulesseagle]

ee, there's nothing in the legislation, approved by the Senate 90 to 5 (so, I'm guessing there was broad based bipartisan support) that requires the credit card issuers to charge anyone additional fees, interest, or whatever. That is the proposed response by the INDUSTRY to the legislation, in case you weren't noticing who was being quoted. And where, other than the headline, is the term "Sterling credit" mentioned, much less defined? For all of you here who have mentioned paying your balance in full each month, the Industry has a word for you, "deadbeat".

"Robert Hammer, an industry consultant, said the legislation might have the broad effect of encouraging card issuers to become ever more reliant on fees from marginal customers as well as creditworthy cardholders — “deadbeats” in industry parlance, because they generate scant fee revenue."

Don't want to suffer the ill effects of all this? Do like me; don't pay interest on anything for which you don't know the total payout and term of the credit, such as a new vehicle or a house. Credit card issuers have ways to earn income, such as processing fees (yes, we'll have them passed on to us by the retailers, but it's once and done), or annual fees. Don't like that, don't use credit cards.

Unlike you, my heart sings that for once in recent political history, the Congress doesn't see it's role as being a thug for the financial services industry, which seems like, after having gotten everything it asked for in the "Bankruptcy Reform" legislation, never provided the cheaper credit they said would result, then went on to become our biggest corporate welface case.

Go ahead and cry for them; don't expect me to join the pity party. I contributed at the office. And by the way, unlike the credit card industry, I don't consider any of you "deadbeats" for paying your balance off in full each month.

Oh, I guess I should give you credit for quoting a "liberal" media outlet such as the NYT. I still think it's all about money as to what any media puts out. I guess if I thought they were "liberal" or "conservative", that might mean I thought they believed in something other than being self serving.

the second paragraph of the ny times article:

Now Congress is moving to limit the penalties on riskier borrowers, who have become a prime source of billions of dollars in fee revenue for the industry. And to make up for lost income, the card companies are going after those people with sterling credit.

let me see......limit penalties for riskier borrowers.

.....................make up the difference from those who have sterling credit.

purely redistribution.........what else would you call it??? taking from the haves and redistributing to the have nots?

edit: does it really matter where legitimate news originates be it from liberal or conservative newsprint......or.......be it from a socialistic rag to a neo nazi rag? Is this a legitimate story that you may find in a conservative link?? Sure it is. Some on this board have been scoulded for posting material from all souces of news links then claiming the link was either too liberal, too conservative, too socialistic and too extreme far right. eulessismore, perhaps some people on this board read the full spectrum of links to obtain news and ferret out that which is nonsense. One only has a myopic set of opinions if one only allows themself to read one of many viewpoints. That is stagnation of thought ... not growth.

Edited May 20, 2009 by eulesseagle

[eulessismore]

the second paragraph of the ny times article:

Now Congress is moving to limit the penalties on riskier borrowers, who have become a prime source of billions of dollars in fee revenue for the industry. And to make up for lost income, the card companies are going after those people with sterling credit.

let me see......limit penalties for riskier borrowers.

.....................make up the difference from those who have sterling credit.

purely redistribution.........what else would you call it??? taking from the haves and redistributing to the have nots?

edit: does it really matter where legitimate news originates be it from liberal or conservative newsprint......or.......be it from a socialistic rag to a neo nazi rag? Is this a legitimate story that you may find in a conservative link?? Sure it is. Some on this board have been scoulded for posting material from all souces of news links then claiming the link was either too liberal, too conservative, too socialistic and too extreme far right. eulessismore, perhaps some people on this board read the full spectrum of links to obtain news and ferret out that which is nonsense. One only has a myopic set of opinions if one only allows themself to read one of many viewpoints. That is stagnation of thought ... not growth.

Of course it doesn't really matter whether or not the article comes from the left or right end of the political spectrum; as the Russian novelist Dostoevsky said, the "the left has no monopoly on stupidity". Dude, I have no problem whether it's from the New York Times, one of my favorites, or from the National Review, another one of my favorites; in this case, the article was incorrect; there is noone who has posted talking about how they pay off their credit card balance at the end of the month whom the credit card companies would consider to be a "Sterling payer". Read the story itself, and you will find that those are what the credit card industry calls "deadbeats", because they don't generate sufficient revenue for the issuers to have their greed satisfied. Some day when I have the time and inclination to bare my soul, I'll send my personal horror story at the hands of the "Bank in America" and let you know the reasons behind the depth of my rage at these thieves in corporate offices. But I, you, and anyone on this board can generally avoid the greatest outrages of these usurers by paying their balance in full at the end of the month.

[SCREAMING EAGLE-66]

---I don't mind the credit card companies considering me one of their dead-beats. It is true that I get free 30 days loans (no finance charge when paid off). If they are going to offer it, then I will take it. I did not make them do it.

---To eulissismore: "Redistributing the wealth'???.. "HOLY MOLY". First the very poor don't have credit cards and most do not even use banks. Their rip off locations are these check cashing places. Credit cards users are mostly middle class and above people and some just don't understand "money" much at all.. I teach math and one of the classes I teach is mathematics for finance majors. A whole lot of them just don't get it but a lot of them do start changing their habits once they see the numbers "crunched". Those who feel exploited by credit cards are doing it to themselves because of their lack of knowledge. Most businesses are no better than banks.... car companies sell cars to people who really can't afford them and it happens in every sector. People buy clothes and even expensive food they should not buy including using expensive restaurants. As long as there are foolish people.... other people and business will exploit them (unfortunately).

---One of the big problems is that younger people think they should start off with the same life-style their parents took years to accomplish.... so they charge everything... and get screwed.

Edited May 20, 2009 by SCREAMING EAGLE-66

[KRAM1]

This will be interesting to watch. While the current administration goes about "change" it does seem to me that some pretty "regular" folks are going to be paying more and more for all these "changes". It will be well into next year before any of these credit card changes are seen by the public, but I would prepare now if I were you. You might want to think about getting rid of so many cards before you are forced to do so by new annual fees, etc. It will be interesting to see if the "free ride" grace period is eliminated for all card holders. I have not paid a dime of interest on a credit card in probably 10 or more years, but I charge on a very regular basis to keep getting those air miles and other benefits. If I have to pay interest even when I pay the card balance in full each month, I think it will be the debit card for me and my bride going forward.

And, then there is that new auto mileage thing...car prices go up anyway, but here we have "change" helping to raise the cost even more. I wonder how many people will be put out of work in the auto industry by this and how many more folks in the banking industry will lose their jobs when all the "good" credit card owners start cutting back? It is true that the "local" banks one mentioned earlier rarely keep their credit card portfolios. They simply do not have the capital to do so, and they can make some good change selling their portfolios to another/larger institution. So, if you think you can rid yourself of the "big boys" by going to a smaller "local" bank, you might want to check into that a bit further.

Amazing how fewer and fewer folks are paying the way for more and more people all the time. I think this is the kind of "change" I could do without. Let's beat up on the auto industry and the banking industry some more...they are both doing so well these days and employment levels and earnings are just through the roof, right? OK, I know, there is that "other side" and "rest of the story" too. I get that...a little sugar with all this nasty tasting medicine would be nice once in awhile though.

[SCREAMING EAGLE-66]

--Kram : I agree with you almost completely. Don't blame the car companies, banks, other businesses, or even the government for your own stupidity. [ It's not my fault syndrome ] Credit card problems were created by those who used them... If you are going to play... learn the rules of the game. And quit thinking credit cards are offering "free" money. They try to find ways to earn money from you.

[eeally]

Ok, for you super responsible people who pay off your credit every month....congrats you my friend are the best....goody goody to you.

However, for us small business owners, who use lines of credit to buy materials, supplies, labor, etc. Well guess what. The banks who own the CC companies are shrinking lines of credit thus making me use CC's and yes I have over $50000 in CC debt. And no never been late but rates have risen due to whatever the reason. So guess what I don't hire on contract labor and I don't even want to purchase items on my CC but as an entrepreneur I have to buy on credit.

All I ask is to be fair such as bold print...this is your rate. If you raise the rate let me know.

Yes there are many irresponsible people who abuse credit cards and they will suffer when buying a house down the road. Lets just make it simple and communicate with the consumer. Being late on a payment is no reason to put a rate hike of 20%.

Also I just took out a short term loan with Chase Bank at 23%.........................they get to borrow at 1% and just got bailed out by Me......

No don't redistribute the wealth just be fucking fair about your practices.

And thanks Gov Perry for taxing me to the tune of $8000 last year. Thanks for the property tax break of around $217 for my house.

And thanks healthcare system for getting my premiums into 4 digits a month......

The system as we know it is broke. The markets do not adjust correctly without "FAIR" competition.................

Just be fair is all we ask and yes I will pay my taxes.....And yes I am for smaller gov and less taxes....And yes I do blame the Republican party for the CC debacle.

[eeally]

This will be interesting to watch. While the current administration goes about "change" it does seem to me that some pretty "regular" folks are going to be paying more and more for all these "changes". It will be well into next year before any of these credit card changes are seen by the public, but I would prepare now if I were you. You might want to think about getting rid of so many cards before you are forced to do so by new annual fees, etc. It will be interesting to see if the "free ride" grace period is eliminated for all card holders. I have not paid a dime of interest on a credit card in probably 10 or more years, but I charge on a very regular basis to keep getting those air miles and other benefits. If I have to pay interest even when I pay the card balance in full each month, I think it will be the debit card for me and my bride going forward.

And, then there is that new auto mileage thing...car prices go up anyway, but here we have "change" helping to raise the cost even more. I wonder how many people will be put out of work in the auto industry by this and how many more folks in the banking industry will lose their jobs when all the "good" credit card owners start cutting back? It is true that the "local" banks one mentioned earlier rarely keep their credit card portfolios. They simply do not have the capital to do so, and they can make some good change selling their portfolios to another/larger institution. So, if you think you can rid yourself of the "big boys" by going to a smaller "local" bank, you might want to check into that a bit further.

Amazing how fewer and fewer folks are paying the way for more and more people all the time. I think this is the kind of "change" I could do without. Let's beat up on the auto industry and the banking industry some more...they are both doing so well these days and employment levels and earnings are just through the roof, right? OK, I know, there is that "other side" and "rest of the story" too. I get that...a little sugar with all this nasty tasting medicine would be nice once in awhile though.

What are you talking about. Do you pay for the military or something? Did you know Bush and Cheney grew the Gov by 30% during their administration? Yea Homeland security? But You are paying for it........What change are you talking about that hurts you so bad. Huh.....

What Change do you people complain about???? concrete example please

[SCREAMING EAGLE-66]

What are you talking about. Do you pay for the military or something? Did you know Bush and Cheney grew the Gov by 30% during their administration? Yea Homeland security? But You are paying for it........What change are you talking about that hurts you so bad. Huh.....

What Change do you people complain about???? concrete example please

---Some people just believe everything they are told by the radio crazies. When the mainstream media reports things that are much closer to the truth ...they just yell "LIBERAL". They just believe what they "want to be true, not the real truth..... and now we have a financial mess.

---eeally: you aren't the people that are being discussed... I feel for you. It is the average non-business situation that runs up their cards just to maintain a life style for things they doesn' have to have that I have no sympathy for. Here is hoping the banks free up cheaper money for your business use. You are the guy the bail out money was designed to help... let us hope it does. At least you realize who is largely responsible for this financial mess we are in...taking away government controls on financial institutions was not the thing to do, -- just as no rules in a classroom is equally dumb. Good luck..!

Edited May 20, 2009 by SCREAMING EAGLE-66

[SilverEagle]

--Kram : I agree with you almost completely. Don't blame the car companies, banks, other businesses, or even the government for your own stupidity. [ It's not my fault syndrome ] Credit card problems were created by those who used them... If you are going to play... learn the rules of the game. And quit thinking credit cards are offering "free" money. They try to find ways to earn money from you.

Some experts on finance call it "trick and trap". But then, no one is going to trick or trap you unless you let them.

[KRAM1]

Ok, for you super responsible people who pay off your credit every month....congrats you my friend are the best....goody goody to you.

However, for us small business owners, who use lines of credit to buy materials, supplies, labor, etc. Well guess what. The banks who own the CC companies are shrinking lines of credit thus making me use CC's and yes I have over $50000 in CC debt. And no never been late but rates have risen due to whatever the reason. So guess what I don't hire on contract labor and I don't even want to purchase items on my CC but as an entrepreneur I have to buy on credit.

All I ask is to be fair such as bold print...this is your rate. If you raise the rate let me know.

Yes there are many irresponsible people who abuse credit cards and they will suffer when buying a house down the road. Lets just make it simple and communicate with the consumer. Being late on a payment is no reason to put a rate hike of 20%.

Also I just took out a short term loan with Chase Bank at 23%.........................they get to borrow at 1% and just got bailed out by Me......

No don't redistribute the wealth just be fucking fair about your practices.

And thanks Gov Perry for taxing me to the tune of $8000 last year. Thanks for the property tax break of around $217 for my house.

And thanks healthcare system for getting my premiums into 4 digits a month......

The system as we know it is broke. The markets do not adjust correctly without "FAIR" competition.................

Just be fair is all we ask and yes I will pay my taxes.....And yes I am for smaller gov and less taxes....And yes I do blame the Republican party for the CC debacle.

[KRAM1]

However, for us small business owners, who use lines of credit to buy materials, supplies, labor, etc. Well guess what. The banks who own the CC companies are shrinking lines of credit thus making me use CC's and yes I have over $50000 in CC debt. And no never been late but rates have risen due to whatever the reason.

Yes there are many irresponsible people who abuse credit cards and they will suffer when buying a house down the road. Lets just make it simple and communicate with the consumer. Being late on a payment is no reason to put a rate hike of 20%.

Also I just took out a short term loan with Chase Bank at 23%.........................they get to borrow at 1% and just got bailed out by Me......

Talk about calling people out without understanding what was being said...the discussion was regarding consumer's...not small businesses. I think we can all agree that the small businessman has "taken it in the shorts" lately in Texas (and elsewhere). That "business tax so we can lower property taxes" was/is the biggest scam I have ever seen. It ended up being a not-so-clever way to simply raise tax revenue while not lowering it as promised elsewhere. But, that was not part of the original discussion.

If Chase charged you 23% (and you signed it????) why in the sam hill are you still doing business with Chase? If your credit is solid (you indicate that it is) why are you not talking to local independent banks about moving your business there? I don't know how large your credit line was/is or what business you are in or where you are located, but there are, believe it or not, opportunities to move your business to a more "small business" friendly bank. Most of the "big boys" are not overly interested in small business lending...simply not "big enough" for the time, costs and risks involved. Sure...so go lend to GM and see what you get.

Look I was in banking for 30 years in the DFW area and do have some decent knowledge in that area...I now work for a small non-profit, so I share your pain in trying to work with bank's these days...yes, we have loans and credit card balances as you do that cannot be paid in full each month. So, don't go all "high and mighty" on me about "your pain"...lots of other folks share it as well. If you would like to PM me with some contact info, I would be happy to talk with you about your situation and see if I do not know of a local banker who would, at least be willing to talk to you about your business needs.

The small businessman/women is the real backbone of this economy...and yet they tend to get the shaft no matter which party is in office. Go figure.

[SCREAMING EAGLE-66]

If Chase charged you 23% (and you signed it????) why in the sam hill are you still doing business with Chase? If your credit is solid (you indicate that it is) why are you not talking to local independent banks about moving your business there? I don't know how large your credit line was/is or what business you are in or where you are located, but there are, believe it or not, opportunities to move your business to a more "small business" friendly bank. Most of the "big boys" are not overly interested in small business lending...simply not "big enough" for the time, costs and risks involved. Sure...so go lend to GM and see what you get.

I wondered the same... Smaller local banks are much more "friendly to small business" if they have good credit. . Big nation-wide banks are handy when you are in multiple cities or travel a lot.

Edited May 20, 2009 by SCREAMING EAGLE-66