Lesser Known Facts about Credit Cards


You may think that you know your credit card inside out, but there are some surprises still. Here are some lesser known facts about credit cards.

No Cap on Interest Rate

You may have signed up for a credit card that has a low interest rate, but credit card issuers are able to increase the interest rates as high as they like. The interest rate is only protected for the cards first year or the first six months. This protection is also dissolved if you go 60 days on a late – Read more