Credit cards will survive under the credit card "bill of rights," companies, said Jim Cramer on Monday's "Stop Trading!" segment on CNBC. "I still think these guys are great at being able to sell their companies to people," he said. "They're really fabulous marketers."
"didn't have the debt default issues" and so were in a different category.
Visa, which Cramer's been buying for his
charitable trust, is "really a debit card, and it's debit that's taking off," he said. "I love my debit card because it keeps me out of trouble, and I think a lot of Americans feel that way."
As for the tech rally, "it's like clockwork," Cramer said. "Once again, in the gloom of this morning, I see the uptick again" in
Research In Motion
He also said the
"deal is red hot."
At the time of publication, Cramer was long Visa.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click
here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click
here to order his book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.