Credit CARD Act

[AD720]

Originally Posted by kenstogie

"knowledge is power"

“Reward companies that provide a good service at a good price, and don’t do business with the ones who don’t,” says Farrell. “I hope credit unions and community development banks, which offer credit card products that are pretty simple and straightforward, take market share away” from the big banks. My credit union offers a simple, no-fee credit card at a competitive rate, but I don’t actually carry it. I did, however, sign up for their overdraft line of credit. If I ever were to need emergency cash–up to $1000–I can dip into the line of credit at a fixed 8.9 percent APR using my debit card. There’s no additional overdraft charge. (I’ve never used it.) The watchword with credit cards is the same as it ever was: check your statement for surprises and your back for knives.

Bingo. I'm currently shopping around for a better interest rate and my credit union is first on the list. We are also planning on moving our savings to a small, community bank. I can't WAIT to dump BOA and Chase.

[Volt]

Originally Posted by AD720

Bingo. I'm currently shopping around for a better interest rate and my credit union is first on the list. We are also planning on moving our savings to a small, community bank. I can't WAIT to dump BOA and Chase.

Yea, what he said.