Credit Cards Tips

Double-cycle billing was the process of including your average balance over the past 60 days in the calculation for finance charges. The CARD Act addressed the use of this tactic. Read more

Posted in: Credit Cards

Universal default was the permanent increase of an interest rate due to late payment on any account. The CARD Act addressed the use of this tactic. Read more

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The CARD Act does not cover small business credit cards, but there is a section for future plans that deal with small businesses and credit cards. Read more

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According to the CARD Act, your bill must be mailed to you at least 21 days before it’s due. In addition, credit card companies can no longer change the date that your bill is due each month. Read more

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While balance transfer credit cards might seem straightforward, whether they’ll affect your credit score depends on your current situation. Read more

Posted in: Credit Cards, Credit Monitoring

Now that the Credit CARD Act of 2009 has passed, credit card companies can no longer charge you to make payments over the phone, Internet, or by mail. Read more

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Since foreign transaction fees are not capped – or even discussed – in the CARD Act, increasing them can be one way credit card companies make up for lost revenue. Read more

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Once the CARD Act was passed, credit card companies began to see some areas of lost profit. Now, some companies are raising minimum finance charges to produce additional revenue. Read more

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If you have a credit card that has an annual fee, then you may want to call the credit card company to ask if they can remove the charge. Read more

Posted in: Credit Cards