[lug] Credit - was: [Letting folks pay from the web.]

[Jonathan Corbet]

On Tue, 2 Feb 2010 16:05:44 -0700
Landon Cox <landon at 360vl.com> wrote:

> Apparently as a software developer, I  
> represented too large a risk for them despite the fact I rarely used  
> the card and always paid it off.

I doubt it was credit risk.  The problem (for them) is that you rarely
used the card (thus generating few commissions) and you always paid it
off (thus generating no interest).  You weren't making them money, so
they lost interest (so to speak).  My understanding is that we're
likely to see more of this kind of stuff - or the imposition of more
annual fees - as new regulation makes some of the other abuses
impossible.

jon