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Confused About Credit Card Penalty Rates? Read this Guide

With the new consumer protections of the Credit CARD Act, some of the more costly features of credit card usage have been curtailed. However, there are still plenty of ways in which using credit cards the wrong way can cost you dearly. One of the most pertinent cases in point: Credit card Penalty APRs. The [...]

Credit Card Trends: Rates Up, Lending Down

The credit card trends for 2010 continue to serve up both good news and bad news. People looking from their mailbox to their credit card statement may well feel a bit confused. On the one hand, many consumers are seeing credit card offers land in their mail box at rates they haven’t seen for years. [...]

What Is a Professional Credit Card and Should You Consider It?

Card issuers have recently introduced a new breed of credit cards on the market: professional credit cards. Mailed advertisements for professional cards typically come with attractive introductory 0 APR balance transfer offers and below-market interest rates. However, while professional credit cards at first glance may seem like a sexy upgrade to your old, worn-out credit [...]

What Card Issuer’s Look For

Common wisdom has it that credit card issuers base their decisions about both new credit card applications and term changes to existing accounts mainly on credit scores. However, according to a recently released study by the Federal Reserve, FICO scores aren’t the only thing major card issuers look at. According to the study, several large [...]

A Guide to the New Rules for Credit Card Fees

Credit card late fees and over-the-limit fees have cost American consumers a pretty penny over the years, running at an estimated .9 billion per year in 2009 alone. This may soon change, however. Since February, the new rules of the Credit CARD Act have put curbs on credit card over-limit-fees, and come August 22, cardholders [...]