Watch for changing credit-card terms

May 2008
Consumer Reports Money Adviser;May2008, Vol. 5 Issue 5, p3
The article reports on incidents where credit card terms and conditions were changed without prior notice to the cardholder. Cited are client complaints concerning advanced due dates, insidious interest rates, and shorter grace periods. The entry also cites that not all term changes are bad news, such as the ending of the universal default by Chase and Citibank. In relation to this, cardholders are advised to read the monthly card bill and any notices sent by the issuer, or to look for a new card issuer with better rates and terms.


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