Got Credit Cards? The odds are incredibly high that any adult living in the USA has one or more credit cards. Our airwaves are laden with ads touting the superiority of one piece of plastic (or the digital equivalent thereof) over another. In what might be the greatest bait and switch scheme of all time Americans owe in excess of 1 TRILLION dollars in “credit card” debt. That’s a lot of money owed to people you have never actually heard anything about. When I started in banking in May of 1980 the heyday of the “BankAmeriCard” was ending as its founding entity, Bank of America, had created a separate entity specifically for BankAmeriCard which later switched the name of their system and company to “Visa.”
The Great American Credit Card Caper
The Great American Credit Card Caper
The Great American Credit Card Caper
Got Credit Cards? The odds are incredibly high that any adult living in the USA has one or more credit cards. Our airwaves are laden with ads touting the superiority of one piece of plastic (or the digital equivalent thereof) over another. In what might be the greatest bait and switch scheme of all time Americans owe in excess of 1 TRILLION dollars in “credit card” debt. That’s a lot of money owed to people you have never actually heard anything about. When I started in banking in May of 1980 the heyday of the “BankAmeriCard” was ending as its founding entity, Bank of America, had created a separate entity specifically for BankAmeriCard which later switched the name of their system and company to “Visa.”