CNN: New credit card rules explained

[cagedtigersteve]

So I have a $2500 balance and they now cut my limit to $2000, so now I'm over my limit and have to pay a $25 penalty.

[KevZen2000]

Here is a suggestion people, do not use credit cards, or credit. Save up the money, or do not buy it. People need to learn there lesson.

[PunanyFingerz]

Credit cards are overrated. I'm canceling mine. The fewer the bills the better.