Tara Monks / Credit Card Companies Need to Make Money Somehow

Credit Card Companies Need to Make Money Somehow

New rules from the Federal Reserve require credit card companies to warn consumers before substantial rate changes, no more inactivity fees.

Credit Cards to have lower limits, higher rates.
Credit Card Companies Need to Make Money Somehow

// West Palm Beach, FL, USA // Tara Monks (Press Release) (Blog) // Tara Monks
As the credit card industry has been hit with new rules from the Federal Reserve, instated Sunday, August 22, their struggle to keep profits high will result in higher interest rates and lower limits. This can be seen as good and bad. While you may be subject to lower limits and higher interest rates, you will be shielded from unexpected rate hikes and inactivity fees. Just remember, it's a business and will always act as one. Credit companies are not your friend. Watch the full story on: Credit Card Rates Climb


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