Put away the hankies, credit card companies are doing just fine
Dont shed a tear for credit card companies. No matter what the headlines say about their parent entities, theyre mostly doing just fineand eager to earn your business.
If youre one of those highly empathetic people who tend to cry at sad movies (and, if you are, you really need to stock up on handkerchiefs before you see War Horse) then you may have been shedding tears for some of your favorite credit card companies. If so, you can dry your eyes. The parent companies of Chase and Citi may have published less than impressive fourth-quarter results recently, but its not their card divisions that are causing the problems.