MoneyCentral has a recent article about
seven credit card trends that could cost you. The trends include:
- Interest rates will rise (there's a no brainer)
- Low-rate offers will include more conditions or "traps"
- Companies will offer some good deals, but end/modify the deals quickly
- Fees will grow
- Credit card companies will continue to consolidate and, over time, reduce competition
- Micropayments are the next frontier
- Personal data will still be vulnerable
The article also provides some tips on how to take advantage of each of these trends. The short and sweet version is this: pay off your charges in full every month, read your statement carefully and look for fraudulent activity, and
maximize your rewards.
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Brittany said...
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- 3/21/2006 4:53 PM
Links to this post:One thing that makes tracking and paying on your credit card easier is that you can view your statement online. I use this feature all the time. I enjoyed your article!
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