Change in Credit Card Terms and Conditions: Low APR Offers, Fixed APR Offers and No Annual Fee Cards Going Away
As banks recover from the effects of the recession, they are also facing new, tough regulations from the CARD Act of 2009 effective February 22, 2010. The biggest effect of the CARD Act is that credit card companies will have more difficulty in repricing existing credit card balances if customers start experiencing financial difficulty. For …