Credit Cards - The Devil's in the Details

Beginning today, February 22, 1010, credit card companies will have new rules to follow. Be sure to learn as much as you can since the details can make a difference.

Need to laugh? Here's some credit card humor from Live Wire. The sketch was a part of NPR's Marketplace Money.

College Freshmen & Credit Cards

Much of the credit card discussion has focused on adults currently using credit cards. But what about the new batch of college freshmen? (I know, most of them have had credit cards since what, 3rd grade?) Many students will be targeted with temptation beginning late August. How will the credit card companies deal with this new batch of consumers? Never fear, the new Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 specifically mentions college students:

Cleans Up Credit Card Practices For Young People at Universities. The act contains new protections for college students and young adults, including a requirement that card issuers and universities disclose agreements with respect to the marketing or distribution of credit cards to students. (from White House FACT SHEET: REFORMS TO PROTECT AMERICAN CREDIT CARD HOLDERS)

Read Public Law 111-24