Best Credit Card Offers specially for you

About Us  |  Contact Us  |  Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. does not review or offer all available credit products.

Finally, a closure to the loopholes of the CARD act

[Sunday, April 10th, 2011]

Right from the time the CARD Act came into effect, it has been a hot discussion topic among financial analysts and experts. While it is indeed true that this Act has brought about the much needed transparency in the credit card industry and prevented the credit card issuers from abusing their privileges, there still existed some loopholes around which banks and other financial institutions began to function. In a move to curb this, the Federal Reserve has given approval to a few more changes that will see the light of the day from the 1st of October, 2011.

As per one of the new rules that have just gained approval, credit card companies are barred from considering the household income of the applicant while approving credit cards. Going forward, banks have to take into consideration only the income of the individual and approve the application and set credit limits accordingly. While this move makes it difficult for first time credit card applicants, it will prove to be tougher on spouses who do not go to work.

According to another rule, banks have to be careful while promising promotional offers because once they offer it to the customers they cannot revoke it at their whim and fancy. Even the introductory interest rates cannot be varied until the card holder defaults that payments by at least 2 months.

While these new rules will definitely make things slightly difficult for the issuers, it certainly brings about a welcome change for many card users.

Read also

Many Americans In Credit Card Debt Have Been In Debt For Over Two Years
[November 7th, 2017]

If you are carrying credit card debt and feel like you’ve been carrying it forever, you might be right. Well, maybe not forever, but for a while.

Continue reading ››

People Feel Better About Their Financial Lives Than Their Love Lives, Says Survey
[September 2nd, 2017]

Is it harder to find true love, or to be financially successful? The third annual Love & Money Survey, conducted by TD Bank, offers some insight on Americans’ struggle to achieve happiness in both their romantic lives and their financial ones.

Continue reading ››

Nearly 100 Million Americans Store Credit Card Info Online
[June 19th, 2017]

Despite a common conception that older people are more reluctant to trust technology, especially when it comes to money matters, it seems the so-called “Silent Generation,” or those in their 70s and 80s, are the most likely to save their payment information on websites or mobile apps.

Continue reading ››
Copyright © 2003-2018 All Rights Reserved strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that can be compensated by credit card issuers when the visitors apply for a credit card through the website.
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.
Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.
Disclosure: Not an access card.