Credit Card Changes - Watch Your Statement

The Credit Card Accountability Responsibility and Disclosure Act was signed into law and the bulk of the reforms took effect yesterday, 02/22.  The credit cards companies are making changes to terms of agreements which will bolster their profitability over time.  It is critical to watch your statements - check the interest rate and late fee terms.  Have they gone up?  If not yet, they most likely will.  So read your statement carefully, double check your mail for new or changed agreement terms, and set up your card for automatic payments so you don't get charged late fees.  For more information, read the article in the link.