Credit Cards Where Credit Is Due
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This column was originally published on RealMoney on Nov. 27 at 8:56 a.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
Cyber Monday, Black Friday, tons of spending on everything from big-screen TVs to Nintendo's Wii. I say enough, go buy the credit card companies.
These days are, as Bank of America(BAC Quote) put it so well in its explanation of retail during this period, "profitless prosperity." If you are like me, you are sick as a dog of these retail stories.
As I see it, MasterCard(MA Quote), which is up an unbelievable amount, is the best way to play it, with its 10-cent cut of every charge. You know people are charging, and you know MasterCard's getting its fair share. ...
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