Today’s Best Credit Card Interest Rates Offers – Obama Relief Bill Signed
Posted on | February 26, 2010 | No Comments
Today’s best credit card interest rates offers are going to be determined by your overall credit score. The President Obama relief bill was signed into law on February 22nd, 2010 and should greatly change the way the credit card industry is run. It may benefit some and it may hurt others.
It will benefit those who are having trouble digging themselves out of debt. Credit card bills are now going to be much more in depth. You can expect to see your statement explain how long it will take to pay off your credit card bill if you make only the minimum payments.
Another aspect of your bill that is likely to be different is the explaination of your interest rate. It is now going to be the case that credit card companies have to give you a 45 day notice if they are going to increase your interest rate. This could help many credit card customers save money.
The individuals who are going to be hurt are those who pay off their credit card bills each and every month and have great credit. These cardholders are going to see their interest rates increased and will likely see a decline in rewards.
Author: Jeremy North
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