All Action Alerts from Care2
Unexpected credit card "gotchas" can cost you thousands! An exhaustive GAO study has just been released, giving the new Congress clear guidance on serious problems faced by Americans in an out-of-control credit card marketplace.
As it stands now, your bank can change your interest rate and terms at any time--for no reason at all. And its retroactive! This means you pay more, even for purchases you've already made.
And while credit cards may lure you in with attractive offers like low interest rates, there are many devils in the details that you'll only find in the finest print of your contract. You mail your bill in late and you'll be hit with a $39 late fee, you sign up for a 7% interest rate, but it goes to more than 30% if you bounce a check, go over the limit, or miss payments.
This holiday season, put an end to your credit card woes. Tell Congress YES on credit card reform!
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