credit cards

Fed help for cardholders

Friday, Feb. 19
Posted: 2 p.m.

The Federal Reserve Board today launched an interactive site to help consumers choose and use credit cards. There's already many good tools on the site, and a note says they will be adding more in the future.

So what's there now? There's a guide to reading your new credit card statement, which under the Credit CARD Act must include information on how long it will take for you to pay off your balance. There's also a detail of a credit card offer, known as the Schumer box, explaining multiple interest rates, penalty APR and billing cycles.

Another section offers a glossary of terms, a link to the credit protection laws, and information on lost and stolen cards, billing errors and how to complain about a charge.

The bulk of the provisions in the Credit CARD Act of 2009 go into effect on Monday.

Questions? Comments? E-mail plastic_rap@bankrate.com.

Read all of the Plastic Rap blog posts.

advertisement

Show Bankrate's community sharing policy
Advertiser Disclosure
Advertiser Disclosure

The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or all available products.

          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.77%  0.06 15.71%
Cash Back Cards 16.48%  0.07 16.41%
Low Interest Cards 10.96%  0.10 10.86%
 
Search
advertisement
CARDS WEEKLY NEWSLETTER
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

advertisement

Credit Card Blog

Jeanine Skowronski

Citi launches cash-back card

The bank is out with a new cash back credit card that rewards consumers for paying down their balances.  ... Read more

Partner Center
advertisement

Connect with us