http://www.outofdebtagain.com/2010/02/those-new-laws-regarding-our-credit-cards/ ...we did it before, we can do it again Thu, 09 Feb 2012 10:28:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.outofdebtagain.com/2010/02/those-new-laws-regarding-our-credit-cards/#comment-5844 Credit Card Assist Fri, 25 Jun 2010 06:20:31 +0000 http://www.outofdebtagain.com/?p=3322#comment-5844 The new CARD act has put enormous restrictions on card issuers ... and rightfully so. Many of the old promotional ploys used in the past such as 0% APR, no fee balance transfers, cash back rewards have all been curtailed dramatically by card issuers because far more attention has been brought to onerous finance charges and late fees. Card issuers can no longer whack consumers over the head like they used. I expect to see some new "tricks" develop as these old tactics seem to be providing less profit to these companies than they have in the past. The new CARD act has put enormous restrictions on card issuers … and rightfully so. Many of the old promotional ploys used in the past such as 0% APR, no fee balance transfers, cash back rewards have all been curtailed dramatically by card issuers because far more attention has been brought to onerous finance charges and late fees. Card issuers can no longer whack consumers over the head like they used. I expect to see some new “tricks” develop as these old tactics seem to be providing less profit to these companies than they have in the past.

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