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.

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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