credit card

So we have all seen the magnetic strip (or stripe) on the back of the credit card. We all know that it is important to a purchase. But what does it do?  How does it work? Read More

The credit card industry will see major changes with the arrival of the Credit Card Accountability, Responsibility and Disclosure Act of 2009, of which most of the provisions take effect Feb. 22.  The new rules will have a big effect on the way that credit card companies can charge interest and set interest rates.

Some of the things to look for: Read More

The Credit Card Accountability, Responsibility and Disclosure Act of 2009, of which most of the provisions take effect Feb. 22, will force credit card issuers to give cardholders more information about their accounts. These new disclosure rules can help the individual cardholder make better and more informed choices about an account. Read More