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"When I was in my early 20s I racked up a ton of credit card debt. It took years to dig myself out. Now I make it a point to pay all my credit card bills in full each month. So I can understand why so many people are happy about the credit card reform bill that&amp;#039;s making its way through Washington right now. The bill restricts interest rate increases, how much time you have to pay and more great stuff. That&amp;#039;s good news for those in debt, but bad news for people like me. The banks are going to get that money from somewhere, so they&amp;#039;ve turned their eye to cardholders in good standing to make up the lost revenue. Folks who pay their balances in full each month\u2014like me\u2014may now have to pay annual fees and lose out on rewards programs. Not a huge issue when compared to the outrageous rate increases and hidden fees banks typically impose on people in debt, but still. Why penalize your good customers? I, for one, don&amp;#039;t think it&amp;#039;s fair, especially after struggling to get myself out of the hole all those years ago. And I&amp;#039;m sure I&amp;#039;m not the only one. There are plenty of people out there who have turned their bad credit histories around. We don&amp;#039;t want to get the short end of the stick either. The Senate and the House passed the reform bill earlier this week. Now it&amp;#039;s on its way to President Obama, who&amp;#039;ll likely sign it today. How will it truly affect all of us? I guess we&amp;#039;ll have to wait and see. What are your thoughts on the credit card reform bill? Post a comment and let me know. \u2014Angela Ebron "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.womansday.com/life/a41685/credit-card-catch-22-4904/>