Released: July 24, 2010
Penalty rates, fees on credit cards not always clear
Source: Candice Choi, Associated Press [USA Today]
A late credit card payment will cost you. It’s just not always clear how much.
Despite new reforms that require more transparent billing practices, about half of credit cards do not disclose in marketing materials the penalty interest rates customers can incur.
Read Full Article: Penalty rates, fees on credit cards not always clear
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