Banks Get Picky About Credit Cards

This is a very interesting article. The implications of this are far reaching.

JMO:
We've created a number of conveniences with credit cards. By making credit cards harder to qualify for, and less affordable you will see more consumers returning to a cash/debit card payment method. This will do several things including changes to rental card and hotel policies and rates. It will also cause consumers to save more, live within their means and in turn spend less. Remember, if we're not spending we are not "stimulating the economy". When you acknowledge the BILLIONS if NOT TRILLIONS of dollars that are spent using credit cards you can imagine what a 10-20-30% decrease in usage will do to our economy.