Fast Facts
CBS News - According to Consumer Reports, having too many credit cards from retailers can cause you to be penalized by the credit agencies. And don't even think about cheating the system that is, open an account to get the discount and then immediately
Source: www.cbsnews.com

America s happy acceptance of debt can be a killer literally
Buffalo News - And no matter what changes are made, credit cards aren t going anywhere. Today, you can use the plastic at more places and with greater ease. In fact, we put $51 billion worth of fast food on credit and debit cards in 2006, up from $33.2 billion
Source: www.buffalonews.com

Security breach at TJX believed to be biggest ever
San Jose Mercury News - TJX said the intruders also may have been able to tap the unencrypted flow of information to card issuers as customers checked out with their credit cards. The case has become a global investigation, with incidents of fraud believed tied to the TJX
Source: www.mercurynews.com

High credit card rates continue
ABS-CBN - Surely, income from credit cards is starting to become a solid revenue driver for banks and credit card issuers. With almost P100 billion in receivables, the local credit card industry had grown a whooping 20 percent from end-2005 s P82.8 billion
Source: www.abs-cbnnews.com