Some credit card companies have come up with a new tactic for luring customers into debt. The passage of Card Act has caused companies to disclose fees to credit card customers and cap interest rates being charged to customers. Credit card companies are now happy about the fact that they have to inform customers as to how long it will take to pay off their balances making the minimum payment only. That is why they have come up with a new strategy. What is the new approach? [Read more...]