Will Banks stop providing Credit Cards?

Will MasterCard, Visa, and America Express Company go bankrupt?

The way the economy is going now, that is a possibilty

The economy will crash. That is what is happening right now. People r using their extra money to pay the rising cost of their mortgages & the rising cost of gas. Credit cards r not bringing in the money that they once did. Yes, they would go bankrupt.

But the credit industry is huge. It would totally decimate our entire country if NO ONE, not even companies, could cover their credit card debt. Ultimately these companies & their delinquent accounts would be bought by yet another company. Nothing would really change other than which company owned each person is credit card debt.

And interest fees & late payment fees would skyrocket.