Credit Card Regulations May Have Unintended Negative Consequences
Posted On: May 27, 2009
By Joe Taylor Jr., CardRatings.com Reporter
President Obama Signs Credit Card Act Into LawAs President Obama signed a new Credit Card Bill into law, financial industry analysts debated whether tough, new regulations would return America’s consumers to a more responsible era or throw the sector into a tailspin. Major provisions of the new credit card law [...]
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StumbleUponTips for Finding Your Best Secured Card
Posted On: February 12, 2009
An excerpt from How YOU Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line.
Not all secured cards report to the three major credit reporting companies (Experian, Equifax, and TransUnion). To build or rebuild credit, it’s smart to get a card that does report to all three. Fortunately, many secured [...]
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Chase No Longer Increases Rates Based on Credit-Bureau Information
Posted On: March 4, 2008
By Curtis Arnold, Founder of CardRatings.comChase is no longer increasing the rates of cardmembers based on their credit-bureau information as of March 1, 2008.
Consumer advocates have long decried the controversial industry practice commonly known as universal default, under which a customer’s rate could be automatically raised based on a single late payment [...]
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Proposed Regulations for the Credit Card Industry: Do They Go Far Enough?
Posted On: July 27, 2007
By Curtis Arnold, Founder of CardRatings.com In late May, the Federal Reserve came out with its proposals for changing the rules that the credit card industry must follow. The goal, according to Federal Reserve Board Chairman Ben S. Bernanke:
“… is to make sure that consumers get key information about credit card terms in a clear [...]
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Simmons Bank Credit Card Has Many Consumer-Friendly Features
Posted On: July 13, 2007
By Mike Killian, CardRatings.com Debt/Credit Management Reporter
Recently, U.S. Senate hearings and Federal Reserve proposals regarding excessive credit card fees have filled the news. At such times it is refreshing to promote a card issuer whose card has been touted as being consumer friendly for many years.
I am referring to Simmons First National Bank based [...]
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Citibank and Chase Adopt More Consumer Friendly Credit Card Policies
Posted On: March 21, 2007
By Heshan Demel, CardRatings.com Consumer Credit ResearcherCitibank recently announced that they would be eliminating the controversial universal default clause from all of their accounts. At the same time, Citi announced that is also eliminating “any time for any reason” increases to the rates and fees of its customers’ accounts.
Traditionally, credit card issuers have taken [...]
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Promotional Credit Card Offers For Current Users
Posted On: June 19, 2006
Author: bullet875
Posted: Wed Apr 19, 2006 8:45 am
Post subject: Do credit card companies give promo-type offers to people…
who already have their cards?
I’m wondering if I’ll see any good offers such as bonus reward points if I hold my cards but don’t use them a lot. I got some great promo offers which enticed me [...]
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No Cash Advances on a Credit Card
Posted On: April 6, 2006
Author: allen
Posted: Mon Jun 28, 2004 8:12 pm
Post subject: Credit Card Without Cash Advances
9/12/2002 7:10 pm CDT
THIS CREDIT CARD COMPANY OFFERED ME A CARD WITH A $2,000 DOLLAR LIMIT. THE THING IS, YOU CANT DRAW ANY MONEY! ONLY PURCHASE ITEMS. IS THIS UNUSUAL? ANYONE EVER HEAR OF THIS BEFORE? THANK YOU.
Author: mouse
Posted: Mon Jun 28, [...]
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Rate Increase by Illegitimate Credit Card Company
Posted On: April 2, 2006
Author: jane
Posted: Mon Jun 28, 2004 8:17 pm
Post subject: Rate increase
9/11/2002 1:06 pm CDT
They keep saying they review my history and raise my rates now 57.75. What can I do to get them to lower it and pay them off and cut up the card.
Author: Verne
Posted: Mon Jun 28, 2004 8:18 pm
Post subject: Direct Credit [...]
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Credit Cards That Don’t Raise Rates for Late Payments
Posted On: February 22, 2006
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Posted: Thu Jan 13, 2005 4:24 pm
Post subject: Credit Cards That Don’t Raise Rates for Late Payments
Jamie
Date: 4/26/2000 11:40 am CDT
does anyone know of any credit cards that don’t raise rates in case of a late payment, etc?
archive
Posted: Thu Jan 13, 2005 4:24 pm
Post subject: Credit Cards That Don’t Raise Rates for Late Payments [...]
