Important Changes to Credit Cards

Think Hard before Opting Back Into Credit Card Account Offers Headed Your Way

As we quickly approach the February 22, 2010 deadline for implementation of many aspects of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD), we’ve been seeing some “interesting” marketing ploys by several credit card/banking companies.

CARD makes major changes in the way credit card companies can market, extend and administer credit to new and current card holders. One CARD stipulation prohibits allowing card holders to go over their credit limit for a fee without their express permission. Continue reading “Important Changes to Credit Cards” »