The past few years has meant a lot of significant changes for credit card issuers and consumers.  The recent economic turmoil coupled with new laws have left some to question the future of credit cards.  However despite the setbacks, credit cards are making a comeback and offering some of the perks and benefits of the good ol’ days.

A recent article on WSJ.com about the changing landscape of credit cards highlights some of the ways credit cards are making a comeback and offering great rewards and benefits for credit card users.

One important mention in the article was the fact that many banks are either eliminating or clamping down on rewards debit cards.  I think this is of no surprise.  There is not a lot of money in debit cards for issuers and this is one gravy train that had to end soon.  Given the extra benefits and protections credit cards offer over debit cards this should not be an issue for any responsible credit card user.  Reward debit cards were not very generous to begin with and were not worth the risk of using a debit card for any major purchase.

Another positive for consumers is that credit card issuers are starting to be more generous to consumers with lower credit scores.  This gives an opportunity for those with imperfect credit to repair and rebuild their credit history without having to turn to companies that charge excessive fees and have overbearing restrictions.

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