Vision Credit Education, Inc.

American Express has created a stir among cardholders with its newest offer. Select cardholders have been offered $300 as an incentive for them to pay off their balance in full and close the account. Tempting as it might be, there is potential for your credit to be affected in more than one way. 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 »

More and more credit cardholders are reporting that they have experienced interest rate increases on their credit cards in the second half of 2008. In many cases, this is due to no specific fault of their own. The reason is that universal default is making a comeback. Read the rest of this entry »

Not to be outdone, American Express has begun raising some of its interest rates and fees as an attempt to counteract the pressure of increased defaults. This is consistent with the actions of other major credit card issuers. The result is cardholders may see higher rates and an increase in their minimum payment. Read the rest of this entry »