Credit Cards - The Fine Print

After a couple of Senate hearings on abusive fees and practices, some credit card companies have decided to take a few pro-active measures to get the heat off. Now, just because they have made a few changes to benefit the consumer, don't lose sight of keeping these guys honest. You still need to;

• Know what your credit card agreement says.
• Make sure you know what the interest rate is
• Is there an annual fee? Ideally, there shouldn't be!
• What triggers a penalty? How much $ are the penalty fees going to cost you?
• Is there a universal default clause?
• NEGOTIATE YOUR RATE AND FEES!
• Shop around. A good site to visit is http://www.cardratings.com/ . Visit your credit union; they usually have lower rates and fees.

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