credit cards

8 little-known facts about your credit card

How well do you know your plastic?
How well do you know your plastic?

Your favorite credit card has sat in the top pocket of your wallet for years. You have memorized the interest rate, the credit limit and its perks. Think you know everything about your favorite credit card?

Not necessarily.

Even if you've carried the card for years, it could have a couple of surprises in store. Card issuers and the government continue to change card rules. Interest rates and credit limits can grow or shrink with your circumstances -- or those of the card issuer. And then there are those uncommon details you may have missed.

But don't stay in the dark. Like any card game, you stand a better chance of holding a winning hand if you know the rules. Here are eight secrets you may not know about the plastic in your wallet.



Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.71%  0.01 15.72%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
Credit cards on a table

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


Credit Card Blog

Jeanine Skowronski

CFPB: Lender distorted credit reports

The Consumer Financial Protection Bureau has an eye on credit reporting issues. The agency took enforcement action against auto financer First Investors Financial Services Group Inc. Wednesday for distorting consumer credit records for years. Per the CFPB, First Investors, which lends primarily to subprime borrowers, failed to fix known flaws in a computer system that  ... Read more

Partner Center

Connect with us