The ‘Plain Vanilla’ credit card issue was a hotly debated subject in the 2009 Credit Card Act. Originally, credit card companies issued plain cards that offered a line-of-credit to the credit card user.
Over time, the credit card companies started to offer incentives to the credit card user that reached beyond the original forms of credit cards that offered a simple line of credit.
Today, credit card users are offered cash back incentives, airplane miles, automobile discounts, and more to go with their simple line-of-credit that the credit card is issued for. Some financial experts in the credit card industry hold the belief that our country should go back to a ‘Plain Vanilla’ credit card structure to aide in reducing our national financial over-lending problems.
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