New credit card regulations most are already effective this past summer the rest will be effective next month.
1. Retroactive rate increases.
2. More advance notice of rate hikes.
3. Fee restrictions.
4. Restricts marketing and issuance to students.
5. Ends double-cycle billing.
6. Fairer payment allocation.
7. More time to pay.
8. Gift card protections.
Read, they have made some HUGE changes. I work at a bank and this is all for the better. You have no idea how much banks screw people over and how many people maxed out their cards and are barely making the minimum, which the minimum is usually just the previous mo
Answer by viridian at 8:09 AM on Jan. 7, 2010
Answer by Nyx7 at 8:33 AM on Jan. 7, 2010
Answer by viridian at 8:39 AM on Jan. 7, 2010
We got a Sears card when we were first married and they had such awful interest rates and took SO long to pay off that I was cured of credit cards forever. We have none. Just a bank credit card :) You can live without em!
Answer by momof030404 at 8:57 AM on Jan. 7, 2010
Answer by Anonymous at 9:14 AM on Jan. 7, 2010
Answer by Anonymous at 9:29 AM on Jan. 7, 2010
Answer by Anonymous at 10:04 AM on Jan. 7, 2010
Answer by yourspecialkid at 10:09 AM on Jan. 7, 2010
Answer by Carpy at 10:10 AM on Jan. 7, 2010
Answer by tyme4me2day at 10:48 AM on Jan. 7, 2010