What Has Your Credit-Card Issuer Done for You Lately?

Here are ten things to look out for on your statement or when you apply for a new card.

If your credit-card issuer hasn’t hiked your rates or changed your terms lately, consider yourself lucky.

The Federal Reserve’s quarterly survey of loan officers found that banks are continuing to tighten standards and increase rates before the Credit CARD Act takes effect in February 2010. In fact, all 400 credit cards issued by the 24 largest banks and credit unions still are using practices deemed unfair or deceptive by the Federal Reserve, according to the Pew Safe Credit Cards Project. Some of those practices have become more common since May when President Obama signed the Credit CARD Act, which will provide more consumer protection.

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Cameron Huddleston
Former Online Editor, Kiplinger.com

Award-winning journalist, speaker, family finance expert, and author of Mom and Dad, We Need to Talk.

Cameron Huddleston wrote the daily "Kip Tips" column for Kiplinger.com. She joined Kiplinger in 2001 after graduating from American University with an MA in economic journalism.