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Credit card news: Contradictory at best

credit card news
Have you checked out what the newspapers have been saying about 'credit cards' lately? If you have and you're not sure whether the world can recognise the difference between Arthur and Martha anymore, you may be right.

Here's the first turn-up of the day; India fastest growing market for Visa credit card while the very next article implores that Someone Needs To Put A Leash On Credit Card Issuers. Are they inferring that Indian's should be treated as slaves, or worse still - as dogs?

While in another paper the headline screams No-fee credit card takes off as another (obviously with conspiracy issues) argues that RPT-EU warns credit card companies about overcharging. I actually think at that rate they could probably have an increase of 2-300% and not notice a change.

And if you thought credit card fraud was not being dealt with fast enough it seems the tables are turning. In one breath this article Banks urged to get tough with card fraud followed by No clues yet in credit card racket and then in a blind, sweeping move Shenzhen cracks biggest credit card forgery case. The Chinese authorities are obviously more effective than an episode of Cold Case and Miami CSI working together.

Just goes to show that you can never quite be sure that the world is telling you the truth.



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