Credit cards: low rates, low fees, low penalties
Today the average bank credit card charges 13.69 percent, according to Bankrate.com. At credit unions it’s 12.16 percent, reports the National Association of Federal Credit Unions.
A 2005 report from the Woodstock Institute, a nonprofit economic development group, found no credit unions practicing “universal default,” a much criticized policy in which your lender raises your interest [...]
Lower Your Credit-Card Rates
I read your article about Coping With Credit-Card Rate Increases and was wondering if there’s any chance I can talk with my credit-card companies and try to get them to lower my rates? I know that you’ve recommended that strategy in the past.
You’re right — it never hurts to ask the credit-card company if it [...]