New York Times Piece: Credit Card Industry Aims to Profit From Sterling Payers

Go and read this article. Apparently with new credit card legislation/regulation at play, credit card companies won't be able to make their biggest profits (was 70% of their revenue streams) from delinquent payers the same way that they have in the past. What does this mean? The perks programs - no annual fees, rewards and cash-back programs, etc. - are likely to evaporate since the only other sources of income would be sterling payers: people who faithfully pay their bill in full every month.

If you are a perfect credit card payer (and you should try to be, because otherwise it's money down the drain on fees and interest) - it's probably best to monitor your card's interest rate and the other fine print. Before you know it, a long-loved rewards program could silently cease (save only the teeny tiny notification at the bottom of one of your bills), or an annual fee could start on your account. Definitely budgeting considerations! And for fun, check out Crystal Paine's post today on making a mosaic frame out of cut-up credit cards - so cute!
.