The Curious Autodidact

Many consumers have received the shock of reading credit card enclosures explaining new interest rates that may go up as high as 32%. This is a reaction to a reform laws that will prevent the credit card companies from raising rates on already established balances.

Credit Cards: Break Up, or Make Up? is an interesting article helpful article from the Wall Street Journal, about the changing landscape of credit cards and some cautions about how to best consider your decisions.

Many cards will impose annual fees and before you get poised to cancel your cards remember that this can occasionally have an adverse affect on your credit report. Buyer beware.