Vision Credit Education, Inc.

Citibank is implementing an annual fee to certain accounts that do not carry a high volume of charges. The goal is to offset some of the lost revenues due to recent credit card legislation. Read the rest of this entry »

Bank of America, Capital One and Discover have each pledged to avoid interest rate hikes ahead of the Credit CARD Act. Citibank however has begun raising interest rates on many of its cardholders effective December 20, 2009. Read the rest of this entry »

Consumer protection advocates predicted that card issuers would begin to create new fees to offset restrictions imposed by the Card Act of 2009. Citi becomes the latest to confirm that they will add annual fees to some of their credit card accounts. Read the rest of this entry »

Citibank has joined the ranks of other major credit card issuers by raising interest rates on its popular Sears credit card. Interest rates are being hiked for thousands of cardholders, many of whom have very good credit. Read the rest of this entry »

Credit card companies gave in to congressional pressure in 2006 to avoid some unpopular practices that had aggravated cardholders. As a result, increased regulation did not occur at that time. However, recent changes have prompted new action by the Treasury’s Office of Thrift Supervision. For many cardholders, these new regulations will not be in place soon enough to make a difference. Read the rest of this entry »