In my previous post I have discussed few parts of your monthly credit card statement and here in this article I am explaining the rest of them.if a balance is carried by you then you usually don’t have a grace period, and on new purchases interest accrues immediately. There is also a lack of grace periods for cash advances and balance transfers. For details…

I can describe Credit card statements as the ultimate math-class word problem. If there is one thing wrong and the bad mark will stay with you for a long time on your credit report.

For making it even more challenging, nearly every credit card posses a slightly different set of requirements and there is a little difference in your statement. So below I have explained all the different parts of card statements…

According to a consumer advocacy group, the credit card rates have been raised by nation’s banks and they have increased their profit from lending to consumers in the first half of 2009. On Monday, The Pew Safe Credit Cards Project have said that…

Each card agreement is different from the other, so here I will answer your questions in a more general way. A card issuer has got the right to change the interest rate of your credit card account by giving a notice in writing to the cardholder. Being a cardholder you have the right to refuse the new rate but…

In this article I have explained that what will be the consequences if you exceed from credit card limit. What happens when I charge my credit card over the limit? If you charge your card over the limit then you will be socked with a hefty penalty fee. Commonly the over-the-limit fees charged by card […]

You should read your credit card agreement carefully. In that agreement the reasons due to which your credit card interest rate may increase must have been mentioned.Late payments and over limit transactions are included in typical triggers, these things might be responsible for…

I suggest you that one of the most important things that can be done by you is that you should follow your card issuer’s payment guidelines precisely. You can see these guidelines on…

If you are planning that you will pay off the balance every month, then now you should be less concerned about the interest rate and you should have more concern about the grace period before which card company start charging you interest on…

In order to get a low-rate credit card, you don’t have to pay. For reaching a national bank, you surely don’t need a middleman.Your credit history will remain what it is. What you can do is that you can correct errors in your credit report and then you can rebuild your credit over time, but to pay someone a high fee just for the facility of having them find you a credit card is nothing but just …

Question: Usually I pay all my credit card bills on time, but occasionally it happens that due to some reason I miss the due date by a day or two. So my question is that are these exorbitant $35 late fees fair practice?Answer: For this question I’m going to start out on the bank’s side. A credit card in its real sense is a line of credit. The bank has made…