Today’s Best Credit Card Interest Rates Offers – Obama Laws Now in Affect
Posted on | February 23, 2010 | No Comments
Today’s best credit card interest rates offers are greatly dependent on each specific situation. Now that President Obama’s credit card laws are in affect you might see a difference in the way credit card companies run. Unfortunately it seems to be the case that good credit borrowers are getting punished for paying off cards and keeping a low balance.
Many credit card holders have seen their interest rates go up over the last few months due to the credit card act. Some borrowers, with a credit score above 700, have seen their interest rate jump from under 10% to over 20%. Sadly, there is very little that can be done about this as credit cards are looking to make money.
If you have very good credit there are still many great credit card deals available for you. Getting the best interest rate offer involved research and some extra time and effort. If your credit score is above 700 then you are going to find that many credit cards will offer you an introductory APR of under 5% currently.
It is very important to remember that this introductory APR does not last forever. If you carry a balance on your credit card then there is no reason to build this balance up with a reset of the APR coming at the end of six to twelve months.
Author: Tiffany Mann
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