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This is a decent article from CNN on what to do to make sure you'd don't lose what you have and how to manage them best.
Think you're too responsible to be late? Guess again. Issuers have been shrinking grace periods, and thereby shifting due dates by a few days, says Bill Hardekopf of LowCards.com.
To add insult, banks have been raising minimum-payment amounts, and sticking customers with fees when they underpay. Avoid the double whammy of fees plus penalty rates by setting up e-mail or text message alerts notifying you when your bill is due and what minimum is owed. (You can usually sign up on your issuer's website.) The alerts will keep up with account changes, even if you can't.
http://money.cnn.com/2009/07/10/pf/credit_card.moneymag/index.htm
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Thanks bringmeroses. You need eyes in the back of your head to look out for yourself now! I knew the banks would find how else to punish the customers for the new credit card laws.
They have to pay for those corporate jets, business lunches and bonuses, cookiefan. What, did you expect that the companies would cut the perks of the executives? Please. ;)
©2009
Thanks bringmeroses. You need eyes in the back of your head to look out for yourself now! I knew the banks would find how else to punish the customers for the new credit card laws.
Without frugality none can be rich, and with it very few would be poor.
- Samuel Johnson