While change has come in the form of regulation for consumers via the Credit CARD Act; when it comes to merchants, they will have to wait much longer in hopes of seeing change.
When it comes to the many changes that have taken place concerning credit cards, consumers are not the only ones getting hit hard. Just like the millions of consumers, merchants have seen dramatic changes as well.
While each card has no-fee associated with it, each offer is very different on the rewards current checking account owners receive.
For at least one group of cardholders bankruptcy is not the answer they are looking for, as they are still paying skyrocketed interest rates on their card accounts.
Now with a new line of business credit cards, Chase hopes to give businesses what they want and need most; credit.
Many experts believe that virtual cards will be the next big move companies shift toward, and this market is expected to grow.