Penalize for being responsible, APRs are skyrocketing

Penalize for being responsible. Isn’t it against to what we learned from the day we came out from our mothers belly? Indeed, all our lives we learned to be responsible, truthful simply because thats the morally and ethically correct way to live your life. But thats going to change.

If you haven’t heard about it yet, banks (Citi, Bank of America, etc) have decided to increase the APR of customers who are happened to be responsible. Yes, if you always keep your balance zero, if you don’t carry considerable amount of balance, or if you haven’t used your credit card for a long time, there is a good chance that you already have a mail from your credit card company in your mail box. I would like to warn you before opening that mail because if you satisfy above conditions your APR could go sky rocketing.

Lets switch gears. Banks begged in-front of us asking money. And we (Gov) jumped in and bailed them out. But why cant the government jumped in when it happens other way around? I have heard from somewhere, that government is there to serve its citizens. Government sure served all these cunning banks, and when its effecting regular joe all the law makers have decided to turn their head other way and plug they years with ipods or something.

Where is Obama, I haven’t heard anything from Obama administration related to this matter. It might be hard to speak against giant banks that fueled his campaign. I need to be clear, as an international person, I cant vote for any party so I don’t care who rule the country as long as they serve for the people of that country.

Yes its true that being responsible have hurt in this situation but this shouldn’t be an excuse to live your life irresponsibly. Many other areas in our life required responsible behavior, it just happened to be using credit cards are not one of them.