Card companies often say yes to requests for breaks, but few cardholders ask.
Credit card-reform legislation known as the Credit CARD Act turns two years old this month, so the Pew Charitable Trusts’ Pew Health Group conducted a study to find out how well the Act did at reforming credit card abuses and curbing fees and rate hikes. The Safe Credit Card Project issued a two-page report determining
Some major credit card issuers are eliminating penalty interest rates and easing off some credit card fees, according to a Jan. 22 article in The Wall Street Journal. Bank of America, Wells Fargo and Huntington Bank have stopped charging penalty interest rates on customers who pay late on their credit card bills. And Bank of