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credit card power imbalance

Who Really Owns Your Credit Card? (Spoiler: It’s Not Who You Think)

April 4, 2025April 2, 2025 by Steve Rhode

You might think your credit card is just a plastic rectangle with your name on it, but here’s a wild truth most people don’t know: You don’t actually own your credit card. The bank does. And that little piece of plastic? It’s just a permission slip. Let’s peel back the curtain on the credit card …

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Categories Banking, Credit Card Industry Tags can my credit card be closed, credit card account ownership, credit card company rules, credit card fine print, credit card fraud risk, credit card issuer rights, credit card issuer vs network, credit card myths, credit card ownership, credit card power imbalance, credit card terms and conditions, debit card vs credit card fraud protection, how credit cards work, how to manage credit cards, revolving credit explained, understanding credit card debt, what happens if my credit card is closed, who controls my credit card, who owns my credit card
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