So, Visa is going public. Mastercard did so a year and a half ago. I’m no economist, but I have to wonder if pressure from investors is going to drive higher credit card rates and fees, at a time where economic pinches will force more people to use their cards, and in a culture that is already groomed to turn to credit as the answer to the reality that cost of living is outpacing growth in income for many.
Those with an informed opinion are formally invited to weigh in on the issue. Comment away!
