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  • Actual for You - Are you paying higher interest on your credit cards than you think?

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    igher interest than when you signed up for the credit card? What does this fine print mean to you?

    If yo

    Credit Card Pitfalls: Simple Tips for Credit Card Management
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    Many credit card holders sign up for a credit account with an 8.9% interest rate and then later realize that their interest rate has been bumped to 27.4%. Why?

    You know that your credit score affects the credit card rates that you qualify for. But, did you know that a little clause in the fine print of the credit card terms and agreements, called the "Universal Default Penalty Clause" may mean that you're already paying a higher interest than when you signed up for the credit card? What does this fine print mean to you?

    If you

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    heir interest rate has been bumped to 27.4%. Why?

    You know that your credit score affects the credit card rates that you qualify for. But, did you know that a little clause in the fine print of the credit card terms and agreements, called the "Universal Default Penalty Clause" may mean that you're already paying a higher interest than when you signed up for the credit card? What does this fine print mean to you?

    If yo

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    dit card rates that you qualify for. But, did you know that a little clause in the fine print of the credit card terms and agreements, called the "Universal Default Penalty Clause" may mean that you're already paying a higher interest than when you signed up for the credit card? What does this fine print mean to you?

    If yo

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    rd terms and agreements, called the "Universal Default Penalty Clause" may mean that you're already paying a higher interest than when you signed up for the credit card? What does this fine print mean to you?

    If yo

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    igher interest than when you signed up for the credit card? What does this fine print mean to you?

    If your credit score goes down or one of your other credit conditions change, then your interest rate increases significantly. This doesn't mean any new charges you make to this particular credit card account: the higher rate affects the entire balance. Yes, even items you purchased with the understanding that your interest rate would remain the original rate.

    Your credit grantors periodically review your credit report. Almost half of a

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