It hasn't been an easy year for credit-card holders (the same can be said about credit-card issuers) with charge-offs and delinquencies at high amounts.
With new credit-card laws going into effect, the industry is going to have to find other ways to replace their reliable cash stream from overdrafts and late payments. Don't worry, they will.
Smart Money has posted '6 Credit-Card Traps to Avoid Now.' This is how credit card companies will bring in more cash:
1. Higher rates for everyone
2. Variable rates instead of fixed
Read the rest here.
