Comments on: New Credit Card Laws and Interest Rate Increases http://www.smartbalancetransfers.com/blog/2010/01/new-credit-card-laws-interest-rate-increases/ The Balance Transfer Credit Card Resource Tue, 07 Sep 2010 15:14:52 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Balance Transfers Helper http://www.smartbalancetransfers.com/blog/2010/01/new-credit-card-laws-interest-rate-increases/comment-page-1/#comment-7980 Balance Transfers Helper Wed, 11 Aug 2010 16:06:26 +0000 http://www.smartbalancetransfers.com/blog/?p=688#comment-7980 Joe, A new part of the CARD Act that take effect on August 22nd requires that all credit card companies review interest rates every 6 months. Thus, you could either call in now and try to negotiate a lower rate or wait six months and see if your card companies adjust the rates. I'd try now and see what you can do. Joe,

A new part of the CARD Act that take effect on August 22nd requires that all credit card companies review interest rates every 6 months. Thus, you could either call in now and try to negotiate a lower rate or wait six months and see if your card companies adjust the rates. I’d try now and see what you can do.

]]> By: Joe http://www.smartbalancetransfers.com/blog/2010/01/new-credit-card-laws-interest-rate-increases/comment-page-1/#comment-7975 Joe Mon, 09 Aug 2010 20:22:04 +0000 http://www.smartbalancetransfers.com/blog/?p=688#comment-7975 Just to paint a picture.I have currently have 2 credit cards and 4 store cards. All my store cards currently have a zero balance. I do still use them to prevent them being closed but i pay of the balance the following month. My 2 credit cards are nearly maxed out. I have NEVER been late on any of those cards or any other bills, except one. A phone disconnectin bill for early disconnection which i did because of unsatisfactory service which i have disputed with them but they are unwilling to remove. That took place about 6 years ago. My APR was raised on my 2 credit cards last year when all these new laws started to take affect. Will i see any changes to my APR in the upcoming months? One card went up by 5% and the other went up nearly 10%. Just to paint a picture.I have currently have 2 credit cards and 4 store cards. All my store cards currently have a zero balance. I do still use them to prevent them being closed but i pay of the balance the following month. My 2 credit cards are nearly maxed out. I have NEVER been late on any of those cards or any other bills, except one. A phone disconnectin bill for early disconnection which i did because of unsatisfactory service which i have disputed with them but they are unwilling to remove. That took place about 6 years ago. My APR was raised on my 2 credit cards last year when all these new laws started to take affect. Will i see any changes to my APR in the upcoming months? One card went up by 5% and the other went up nearly 10%.

]]> By: students credit card articles http://www.smartbalancetransfers.com/blog/2010/01/new-credit-card-laws-interest-rate-increases/comment-page-1/#comment-6699 students credit card articles Thu, 21 Jan 2010 05:09:29 +0000 http://www.smartbalancetransfers.com/blog/?p=688#comment-6699 credit card holders should always monitor their payment transactions with the banks as much as possible. They have to understand the agreement they made with the banks and if they notice any changes in their bills, they should not hesitate to ask the company. credit card holders should always monitor their payment transactions with the banks as much as possible. They have to understand the agreement they made with the banks and if they notice any changes in their bills, they should not hesitate to ask the company.

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