Top 10 Credit Card Traps

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Submitted by Mary Beth D. on Fri, 06/13/2008 - 19:02.

Consumer Reports Top 10 Credit Card Traps

See PDF for full story: http://www.consumersunion.org/pdf/Top10CCTraps.pdf

 

1. Universal default

2. Change of terms

3. Teaser Rates

4. Minimum payment

5. On time payments

6. Double cycle billing

7. Cash advances/convenience checks

8. Penalty interest rates

9. Fees, fees and more fees

10. Balance transfer switcheroos