Tag Archive | "major credit card companies"

Does Anybody Gain By New Credit Card Rules

Credit cards are a part and parcel of our lives now. Using credit cards has become second nature for me. Paying up my dues in time was something that I learnt as a child and I maintained that habit even with credit cards. So there were no hassles for me. The operations were smooth and I really had no problems with their rules. I understand there are many like me, but some have problems with the billing period, interest rate notifications, finance charges adjustments, late payment adjustments etc. The Obama government has brought in changes in the way credit card companies operate with their consumers through the Credit Card Accountability, Responsibility and Disclosure Act 2009. Though the changes are welcome to a certain extent, there are some pros and cons that need to be considered before [...]

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