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Home > LawServer Pro > Business Law > Financial Services > Credit Cards |
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Credit Cards
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March 7, 2009 |
To compare credit card terms, think about how you will use your credit card. Do you expect to
- Pay your montly bill in full?
- Carry over a balance from month to month?
- Get cash advances?
Once you have decided how you will use your credit card, you can use this checklist to compare cards. Information about most of the features is given in the disclosure box that must appear in all printed credit card solicitations and applications. |
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June 4, 2009 |
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President Obama signed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 on May 22nd. "With this new law, consumers will have the strong and reliable protections they deserve. We will continue to press for reform that is built on transparency, accountability, and mutual responsibility - values fundamental to the new foundation we seek to build for our economy," President Obama said. |
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March 7, 2009 |
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Shopping around for a credit card can save you money on interest and fees. You'll want to find one with features that match your needs. This information can help you understand the features of credit cards and compare credit card features and costs. The first step in choosing a credit card is thinking about how you will use it. |
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Source: FTC You may be tempted by ads and websites that guarantee loans or credit cards, regardless of your credit history. The catch comes when you apply for the loan or credit card and find out you have to pay a fee in advance. That could be a tip-off to a rip-off. If you’re asked to pay a fee for the promise of a loan or credit card, you can count on the fact that you’re dealing with a scam artist. More than likely, you’ll get an application, or a stored value or debit card, instead of the loan or credit card. |
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March 16, 2009 |
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This chart ranks the top national credit cards based on APR. It is based on the latest data available from the Federal Reserve Board. For an explanation of the terms used in this chart, you can use the Credit Card Glossary. | Bank and Card Name | APR | Rate | Grace Period
| Ann. Fee
| Features | | First Command Bank: Visa Platinum | 4.25 | V | 30 | 0 | - Car rental insurance
- Travel insurance
- Extended warranties
| | Ameriprise Bank: MasterCard | 4.5
| V
| 30 | $150 | | | Sunflower Bank: Visa | 4.9
| V
| 25
| 0
| - Car rental insurance
- Travel insurance
- Purchase protection
| | CNB Bank: Visa Gold | 5.25 | V | 30 | 0 | - Car rental insurance
- Travel insurance
- Extended warranties
- Purchase protection
- Travel discounts
- Card registration
| | Pulaski Bank And Trust Company: Visa Classic / Standard | 6.5 | F | 25 | $35 | | | Franklin Templeton Bank & Trust: Platinum MasterCard | 6.74 | V
| 25
| 0
| - Car rental insurance
- Travel insurance
- Extended warranties
- Purchase protection
| | Columbus Bank And Trust Company: Platinum | 7.15
| V | 25 | 0
| | | First Federal Savings And Loan: Visa | 7.15
| V
| 25
| 0
| | | Citibank (Banamex): MasterCard Platinum | 7.24
| V
| 25
| 0
| - Rebates on purchases
- Travel insurance
| | Simmons First National Bank: Visa | 7.25 | F
| 25 | 0
| | | Town North Bank Nevada: MasterCard | 7.99 | V | 20 | 0 | - Intro APRs
- Travel insurance
- Card registration
| | Nationwide Bank: NWC Platinum | 7.99
| V
| 25
| 0 | - Intro APRs
- Rebates on purchases
- Car rental insurance
- Extended warranties
| Morton Community Bank
| 8.0 | V
| 25
| 0
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April 5, 2008 |
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Credit card issuers are prohibited by the Truth in Lending Act from sending unsolicited credit cards to consumers. There are exceptions, however, and these exceptions have been at the heart of some recent controversies. |
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March 29, 2008 |
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Credit card customers have special protections under federal law in the event of billing disputes. For these protections to apply, however, consumers must follow dispute procedures and meet deadlines set by the Fair Credit Billing Act and Regulation Z. |
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