Do You Understand Credit Card APR?
Most of us shop around for credit cards these days and choose our cards on the basis of their APR. But just how important is a card’s APR?
Most of us shop around for credit cards these days and choose our cards on the basis of their APR. But just how important is a card’s APR?
How possible new credit card and banking regulation will benefit you.
It looks like the government will be getting serious about credit card regulations. The Federal Reserve Board proposed rules to prohibit unfair practices regarding credit cards and overdraft services that would among other provisions, protect consumers from unexpected increases in the rate charged on pre-existing credit card balances.
Regulation AA (Unfair Acts or Practices)
The proposal would amend Regulation AA to prohibit unfair or deceptive acts or practices by banks in connection with credit card accounts and overdraft services for deposit accounts.
Credit Cards
Applying for a credit might seem like a simple task but you can find your self in financial trouble unless you have the right information.
When applying for a credit card we need to understand the need for credit cards in this internet age. Where this can be for many different reasons. For instance some people might need help with their bills that they cannot pay. Then there are people that want a credit card so they don’t have to carry cash around or maybe just they just want to shop online. Or maybe you need one to go on vacation with. Whatever your reason is, most if not all people know that they need a credit card. But the bad part is that credit cards are not handed out so easily. Where most people have to apply for a credit card before they can get one. So if you are thinking about getting a credit card, then you should read on.