A Financial Revolution 


March 18, 2006
Seven Credit Card Trends
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.


1 Comments:
Anonymous Brittany said...

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!

3/21/2006 4:53 PM  

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