Credit Card Company Tricks and How To Beat Them
Citibank raised the interest rates for customers with high credit scores who had never missed a payment. Virtually every credit card company opposed the very tame reforms recently passed into law by Congress. The sad truth is that is isn’t a matter of if your credit card issuer will try something sneaky, it’s a matter of when, and how bad will it be. While there is always tension between a company that must turn a profit and consumers who want to get as much as possible for the lowest price, with most relationships between a business and consumer there is at least some degree of fairness. Unfortunately, this is seldom the case for the relationship between credit card company and credit card user. Instead, in this relationship, the credit card company works hard to hook a customer and then slowly tries to squeeze the maximum profit out of them. Between absurd fees, sudden contract term changes, and just plain old subterfuge, your credit card company is out to get you if you stop paying attention. Top Credit Card Company Tricks – 0% APR Credit Card Offers While there are many areas the banks that issue credit cards are less than …