Discover Gives Credit Card “Straight Talk”
| February 23, 2010 |
Now that the new era of credit card practices is officially underway, it should seem as no surprise that issuers are beginning to take the initiative to create ways to help their cardholders understand the many changes that have taken place. While each issuer has their own way of doing this, one issuer is doing it with "Straight Talk" and it could be what cardholders everywhere need.
Recently announced by Discover, "Straight Talk" which can be found on their financial education research page is a video and collection or articles designed to help consumers more easily understand how credit cards work, including changes from the Credit CARD Act. As of right now cardholders can view informative information on how credit card issuers determine things such as interest rates, credit limits, as well as the fees that they may charge. They also give information that many people probably will find important such as what changes people could see in the future because of the new regulations placed on the industry.
So will "Straight Talk" be what cardholders need to help them feel more comfortable with their plastic? Well, while it all depends on the consumer one thing is for sure; it really does not hurt anything at all. Right now the focus of every issuer is to make sure that consumers are comfortable with the overall credit card environment. Information that helps consumers understand this could essentially help gain that individual cardholder both now and later. Even if you have a credit card and have decided not to use it ever again, the site could be worthwhile to view.
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