New Credit Card Rules: Who Really Benefits?

February 24th, 2010 admin

By Jabulani Leffall By the time you imbibe these words with your eyes it will be easier to pay your credit card bill, easier to run up your bill, and easier to absolve yourself the responsibility of charging your card to the max. As a preface, some of the new credit card reform rules that passed earlier this week did eliminate some very annoying and predatory business practices designed to line the pockets of credit card companies, and that’s a good thing. Practices such as randomly increasing interest rates on outstanding balances, double-cycle billing, or carry-over balance billing are shady at the very least …


Originally posted on WiseBread

 
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