Credit card reform bill...thoughts?

iVillage Member
Registered: 12-29-2008
Credit card reform bill...thoughts?
12
Sun, 02-21-2010 - 6:46pm

This article has had

Pages

iVillage Member
Registered: 07-11-2004
Mon, 02-22-2010 - 1:01pm
I agree with mckeekitty. I just heard on the news last night that although some of the fees may be eliminated they are going to start charging "inactivity fees" if you DON"T use your credit card. In other words, if you have a balance that you are trying to pay down and aren't using the card
iVillage Member
Registered: 12-29-2008
Mon, 02-22-2010 - 8:44pm

Yes...inactivity fees, annual fees, slashing of reward programs, higher transaction fees for balance transfers (some upwards of 5%) and STILL no cap on interest rates.

Pages