clipped from www.prime-targeting.com
According to the Federal Reserve Board, the new credit card law obliges credit card providers to inform customers about any major change in the terms, at least 45 days in advance. Overdraft facility, which was initially provided by default, will now be optional and not automatically assigned. Hence, if you shop for something that exceeds your credit limit, it would be denied. And obviously you won’t be charged any fee.
Go for Fixed Rates : Understand Reward Programs: |
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Wednesday, February 24, 2010
Few Tips About New Credit Card Law
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I don't understand why credit card providers are going to try and charge an annual fee. This makes no sense to me.
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