May 10, 2011
The CARD act of recent years has changed many of the laws that govern credit card use and the business of credit cards in general in the United States One thing that was not addressed was credit card interest rates, except to require credit card companies to notify you far in advance before they increase your interest rate. read more…
April 14, 2011
Interest rates are undoubtedly the most important aspect to consider when comparing prospective credit cards. Credit card companies know this, and use this information to create attractive promotional offers which are combined with various types of reward programs to solicit new cardholders. read more…
March 24, 2011
Sooner or later every credit card charges interest, regardless of the promotional benefits offered during the introductory period. However, if the card balances are repaid in full before the end of the grace period, then it is possible to avoid interest altogether. read more…
January 17, 2011
Studies have shown that more than half of all American credit card customers don’t realize that may currently be paying a penalty interest rate on their card balance. Even more unsettling is the fact that the majority of those that are paying a penalty interest rate are not even aware of why or when it was applied to begin with. read more…
November 1, 2010
Anyone with a credit card understands that nearly every purchase they make accumulates interest and contributes to the total amount of debt they owe. Some cards begin assessing interest as soon as a purchase is made, while others allow for a grace period before interest begins to accumulate. Almost no credit cards provide a grace period for cash advances, though.
read more…