Recently in Credit Card News Category

While recent regulations have placed tight strictures on the way that credit card companies do business, new technological advances and a willingness to start lending again have paved the way for some very nice credit card perks.

Let's take a quick look at what's available.

For a while there, it seemed like there was no legal minimum age for a credit card at all. We've all heard tales of babies getting credit card applications, and I personally know someone whose young goat got one. (I'm not kidding here).

Things are still nebulous on this front, even in the wake of the infamous Credit CARD Act of 2009, which straightened out a lot of things credit card related. Let's take a brief gander at the issue.

The Credit Card Reform Act took effect in May, 2009, and it's about time. For years, credit cards got away with ridiculous fees, sudden unannounced changes, and other unethical practices. The Credit Card Reform Act aims to stop some of these abuses, even if it can't singlehandedly revolutionize the credit card industry.

If you've noticed the interest rates on your credit cards have been taking a bit of a hike upwards, you're not alone. Millions of credit card holders are beginning to see higher interest rates, even if their credit score hasn't budged an inch. Why is it happening? Well, turns out you can thank shady mortgage lenders for this one...