No need to worry . . . this is a three year old article. It already happened (beginning of 2006). Here is the link to the exact same article on bankrate, only you will notice at the bottom the date is May 2005!
Is this a new article or is it from 2005? I know the minimums went up a few years ago, and I think this article might be referring to that. Or is it? I saw a reference to the "recently enacted ... of 2005" which is why I think it is old.
Thanks Bex I didn't know what date it had happened . I was looking over on TMMO dave ramseys Community Forum and someone had put a link for it today, I read it
No need to worry . . . this is a three year old article. It already happened (beginning of 2006). Here is the link to the exact same article on bankrate, only you will notice at the bottom the date is May 2005!
http://www.bankrate.com/brm/news/debt/20050503a1.asp
Here is another one that explains the logic a bit better (and actually has dates in it!)
http://www.consumeraffairs.com/news04/2005/occ_credit_card_minimum.html
Hope this helps!
Bex -