Buy now, pay later – who can argue with that? Our little plastic (now also digital) friends have been with us for over 70 years, giving us the ability to get things we might've not been able to afford otherwise - all the while, keeping in mind the hefty fees that stack up if we don't pay the bill in time. Credit cards are now such an integral part of life (over 200m American adults own one), that it's hard to imagine leaving home without one. But are they a wise investment?
Here are the major players in the US credit industry – public companies that provide a credit card network. These do not include card issuers such as banks or financial institutions that just distribute Visas or Mastercards to their customers. Remember, always do your own background checks before you commit to any trade.