Credit Cards > Credit Card News > Archives > November, 2009
 
 

Credit Card Interest Rates to Be Capped at 16 Percent?

Credit cards featuring interest rates of maximum 16 percent may sound too good to be true, but if a number of congressional Democrats have their way, this could be coming soon to a credit card near you.

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Credit Card of the Future-Your Cell Phone?

In a world where the iPhone can now double as a musical wind instrument (the Ocarina application), it was only a matter of time before your cell phone would take over yet another vital part of your life: Your credit cards.

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First New Credit Card Rules Take Effect

On August 22, 2009, the first new rules of the Credit CARD Act of 2009 stepped into effect. Here are the highlights of the new provisions and what they mean for cardholders.

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Do Credit Cards for Bad Credit Really Improve Credit Scores?

Are credit cards for people with bad credit worth the high costs? According to one study, if your aim is to improve your credit score, yes, they are. The study was performed by the credit bureau TransUnion, which was commissioned by Citizens for Equal Access to Credit to conduct a study of 365,000 subprime cardholders over a two-year period.

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Bad Credit? 5 Tips to Work Your Way up the Credit Ladder

If you have bad credit, one way to increase your credit score can be to take out a credit card for people with bad credit. Bad credit credit cards come with many pros and cons, however. The pro is that when used correctly, they can help improve your credit score. The con is that they start you out with a low credit limit and charge you high fees for the privilege.

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