Credit card penalty rates can top 30 percent; how to avoid them
Jan 27, 2010 . Default interest rates -- the penalty rates charged when borrowers violate the terms of their card agreements -- can be two to three times higher .
http://www.creditcards.com/credit-card-news/default-penalty-rates-what-they-are-how-to-avoid-1276.php

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Credit card issuers required to 'cure' penalty rates
Oct 8, 2010 . Missed a couple of credit card bills and get socked with a penalty APR . penalty rate blues and return your account to its previous interest rate.
http://www.creditcards.com/credit-card-news/credit-card-rules-penalty-rate-cure-1282.php


Credit card penalty rates: Mistakes that trigger default APRs
Sep 25, 2008 . While not all credit card companies impose penalty rates -- also called . Under such conditions, your interest rate could increase to as high as .
http://www.creditcards.com/credit-card-news/credit-card-penalty-rates-1267.php

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APR, interest rates, credit cards, penalty - Los Angeles Times
Jan 4, 2012 . New year, new credit card? With interest rates averaging near record highs at more than 15%, it's going to cost you. A report Wednesday from .
http://articles.latimes.com/2012/jan/04/business/la-fi-mo-credit-card-rates-20120104

Bank of America's New Credit Card Penalty Interest Rate Is Nearly ...
Apr 27, 2011 . Bank of America credit card holders, beware. If you're late on a monthly payment, that little "oops" might become a big "ouch": Your future .
http://www.dailyfinance.com/2011/04/27/bank-of-americas-new-credit-card-penalty-interest-rate-is-nearl/

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Credit CARD Act Tackles Penalty Interest Rates - CardRatings Blog
Aug 16, 2010 . Missing a monthly credit card payment used to mean saying farewell to low interest rates and special promotions. However, under new Credit .
http://www.cardratings.com/creditcardblog/2010/08/credit-card-act-penalty-interest-rates.html

Penalty / Default APR - Card Hub
The Penalty (or Default) APR is the interest rate applied to a portion or your entire balance once your credit card is in default. The rules for when the Penalty APR .
http://www.cardhub.com/edu/default-interest-rate/

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Debt Management Articles: The Dirty Dozen Credit Card Traps
Does the credit card industry profit mostly from interest rates? . payments, the APR hits the ceiling and becomes the "penalty" or "default" APR up to 29.99%.
http://www.careonecredit.com/knowledge/credit_card_traps.aspx

New credit card rules can help, but don't get complacent ...
Aug 23, 2010 . Median penalty interest rates for credit card accounts: Dec. 2008. July 2009. July 2010. Banks. 27.99%. 28.99%. 29.99%. Credit union. NA* .
http://www.usatoday.com/money/perfi/columnist/block/2010-08-24-yourmoney24_ST_N.htm

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Citi Simplicity Credit Card – Should You Get This 0% APR Balance ...
3 days ago . Your 0% intro APR will not be taken away, or be raised to a penalty interest rate, which is what almost all other credit cards will do. Remember .
http://www.dailymarkets.com/creditcards/citi-simplicity-card/

Credit card debt - Wikipedia, the free encyclopedia
Credit card debt is an example of unsecured consumer debt, accessed through credit . Debt accumulates and increases via interest and penalties when the .
http://en.wikipedia.org/wiki/Credit_card_debt

BofA adds penalty rate to its credit cards | Interest.com
May 5, 2011 . Credit card customers who pay late could get socked with a penalty APR of nearly 30%. Compare credit card offers at Interest.com!
http://www.interest.com/credit-cards/advice/bofa-adds-penalty-rate-to-its-credit-cards/

Record High Credit Card Rates - ABC News
Jan 5, 2012 . Credit card rates have risen to a four-year high—this, at a time when the . Just because a lender lowers or dispenses with its penalty interest .
http://abcnews.go.com/Business/record-high-credit-card-rates/story?id=15291365

Fees and Penalties Articles - Credit Cards
Does it seem like you're paying more than your fair share on credit card payments? You might be! This article explores repricing, penalty interest, and how they .
http://www.creditorweb.com/articles/categories/fees-and-penalties.html

How do I account for credit card interest and penalty in QB? | Intuit ...
Feb 21, 2012 . For the first time since starting my business, I had to pay interest on my business credit card because of a misplaced bill. Had to pay a penalty .
http://community.intuit.com/posts/how-do-i-account-for-credit-card-interest-and-penalty-in-qb

The Following Contains Detailed Information About The
Most credit card companies charge interest immediately, starting from the date you get the cash advance. 4) Penalty APR and when it applies. Your credit card .
http://www.federalreserve.gov/creditcard/flash/offer.pdf

New Credit Card Rules Limit Penalties, Rate Increases - BBB News ...
Aug 19, 2010 . New rules on credit card interest rate increases and penalty fees are mostly good news for consumers, according to the Better Business Bureau .
http://evansville.bbb.org/article/new-credit-card-rules-limit-penalties-rate-increases-21721

Are there any drawbacks to a low interest credit card?

Find 0% APR and Low Interest Credit Cards - Compare 1651 Card ...
NerdWallet ranks 1651 of the top low interest rate and 0% apr credit cards for you . them, switched to the Simplicity card, and haven't paid any penalties since.
http://www.nerdwallet.com/low-apr-credit-cards

Does law cap credit card interest rates?
Apr 13, 2011 . The law didn't set a cap on penalty interest rates. In fact, the median penalty rate charged on credit cards issued by banks is 29.99 percent, up 1 .
http://www.bankrate.com/finance/credit-cards/does-law-cap-credit-card-interest-rates.aspx

CreditCards.com survey: Penalty rates creep higher, but become rarer
Jan 3, 2012 . For a second year, CreditCards.com surveyed the penalty rates of . "Penalty interest rates have always been objectionably high, and they .
http://www.creditcards.com/credit-card-news/credit-card-penalty_rates-higher-rarer-1276.php

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  • This Is One Credit Card Fee You Probably Won't Get Slapped With ...
    Jan 6, 2012 . Apart from the initial sting of a one-time late fee for missing a credit card payment, lenders also like to hit consumers with hefty penalty interest .
    http://articles.businessinsider.com/2012-01-06/news/30596601_1_overdraft-fees-penalty-interest-linda-sherry

  • Many Credit Card Issuers Hiding Penalty Rates, Study Finds - Forbes
    Aug 2, 2010 . Many Credit Card Issuers Hiding Penalty Rates, Study Finds . This full disclosure was in their best interest because increasing interest rates .
    http://www.forbes.com/sites/moneybuilder/2010/08/02/many-credit-card-issuers-hiding-penalty-rates-study-finds/

  • Credit Card Bill of Rights
    Your credit card's interest rate may not be changed during the first year . (i.e. transactions made 14 or more days after receiving notice of the penalty APR).
    http://www.cardhub.com/edu/credit-card-bill-of-rights/

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  • What is a credit card penalty rate?
    A credit card penalty rate is an increased interest rate that can drastically affect your credit card payments.
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  • Chase Prevails on Credit Card Penalty Interest Rate Case
    Sep 1, 2011 . Whether or not credit card interest rates can go up as a result of the Credit CARD Act of 2009 has been the source of much confusion. A new .
    http://www.cardratings.com/chase-prevails-court-says-penalty-interest-rates-ok.html

  • How Making a Late Credit Card Payment Affects You
    Find out what your creditor does when you miss a credit card payment. Hint: the . This is the highest interest rate charged by a creditor usually as a penalty.
    http://credit.about.com/od/usingcreditcards/a/latecardpayment.htm

  • A New Equilibrium: After Passage of Landmark Credit Card Reform ...
    May 10, 2011 . Credit card holders are seeing stabilized interest rates, the elimination of overlimit penalty charges, a reduction in late fees charged by banks .
    http://www.pewtrusts.org/our_work_report_detail.aspx?id=85899359574

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  • As credit card holders play it safe, issuers increase non-penalty ...
    Jul 22, 2010 . After the recession forced credit card companies to purge their . and butter in penalty fees and high interest rates paid by consumers who carry .
    http://www.washingtonpost.com/wp-dyn/content/article/2010/07/21/AR2010072106378.html

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  • Credit Card Wars: A Penalty for Thrift? - NYTimes.com
    May 18, 2009 . For example, let's say the average interest rate for a new credit card is 10 . their budgets and need to be punished with financial penalties?
    http://roomfordebate.blogs.nytimes.com/2009/05/18/credit-card-wars-the-thrift-penalty/

  • As credit card holders play it safe, issuers increase non-penalty ...
    Jul 22, 2010 . After the recession forced credit card companies to purge their . and butter in penalty fees and high interest rates paid by consumers who carry .
    http://www.washingtonpost.com/wp-dyn/content/article/2010/07/21/AR2010072106378.html

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  • The Costs of Credit Card Debt | Debt Consolidation - Get Debt ...
    Apr 1, 2012 . Depending on the credit card, one late payment may be all it takes to increase your already-high regular interest rate to a stratospheric penalty .
    http://www.debtconsolidation.com/articles/the-costs-of-credit-card-debt.html

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  • Department of Revenue - Taxation:Extensions
    Pay Online through Revenue Online by credit card or echeck. . time to file, you may file by the October 15 extension deadline but interest and penalty will apply.
    http://www.colorado.gov/cs/Satellite/Revenue/REVX/1178305430066

  • Interest rate and Penalty fee imposed for Unpaid Credit Card ...
    Open Tax Resource wrote a note titled Interest rate and Penalty fee imposed for Unpaid Credit Card charges for being Â?iniquitous and unconscionable.
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  • Fed seeks limit on credit card penalty fees | Reuters
    Mar 3, 2010. practices by credit card issuers, including limiting penalty fees. . limiting penalty fees and requiring them to reconsider past interest rate .
    http://www.reuters.com/article/2010/03/03/us-usa-fed-creditcards-idUSTRE6224WA20100303

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  • Financial Services Federal Reserve Board Adopts Credit Card ...
    Federal Reserve Board Adopts Credit Card Penalty and Interest. Rate Rules. On June 14, 2010, the Federal Reserve Board amended its Regulation Z to .
    http://www.winston.com/siteFiles/Publications/FRBCreditCardPenalties.pdf

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  • Credit Card Interest Rates Stabilizing Thanks to New Federal Rules
    May 18, 2011 . Despite warnings that credit card rates would balloon after recent federal credit card legislation, a new study has found that interest rates on .
    http://www.money-rates.com/advancedstrategies/creditcards/credit-card-interest-rates-leveling-off-and-penalties-decline-under-new-law.htm

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  • Avoiding Interest and Penalty Charges
    Sep 6, 2011 . The interest rate on a credit card or bank loan is often lower than the combination of interest and penalties imposed by the IRS. For more .
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  • The Georgia Department - Georgia Department of Revenue
    An installment payment can be made with a credit card by using the Notice . the Department will assess penalty and/or interest on the late or underpaid amount.
    https://etax.dor.ga.gov/inctax/notices_pmts.aspx

  • New credit card rules limit penalty fees
    Aug 18, 2010 . Find out if the CARD Act provisions on late payments and interest-rate increases will benefit you. Visit Bankrate.com to learn more about credit .
    http://www.bankrate.com/finance/credit-cards/new-credit-card-rules-limit-penalty-fees.aspx

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  • Bank of America's new penalty rate on late credit card payments ...
    May 3, 2011 . Bank of America's new credit card late pay penalty . will begin instituting a new 30% interest charge when credit card holders miss a payment.
    http://www.clarkhoward.com/news/clark-howard/personal-finance-credit/bank-americas-new-penalty-rate-late-credit-card-pa/nCZSx/


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  • 10 Best Low APR Interest Credit Cards
    Jul 5, 2011 . Looking for a credit card with the lowest interest rates? . no cash advance fee, no late fees, no over credit limit fee, and no penalty APR.
    http://www.moneycrashers.com/low-apr-interest-credit-cards/

  • Find Low Interest Balance Transfer Credit Cards - Compare 1651 ...
    The other big fee to watch out for is the “Penalty APR”. Many credit card issuers jack up interest rate to near 30% if you are 60 or more days delinquent on paying .
    http://www.nerdwallet.com/balance-transfer-credit-cards


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  • Credit Card Reform | ecreditdaily.com
    22, 2010, while others covering penalty fees took effect Aug. 22 of the . Generally, any increase in a credit card's interest rate is prohibited in the first year of an .
    http://ecreditdaily.com/credit-card-reform-provisions/

  • Fed Proposes Limits On Credit Card Penalty Fees
    Mar 3, 2010 . NEW YORK — The Federal Reserve on Wednesday proposed strict limits on penalty fees and other charges that credit card companies can .
    http://www.huffingtonpost.com/2010/03/03/fed-proposes-limits-on-cr_n_485029.html

  • Book on interests and penalties on credit card transactions now out ...
    Feb 18, 2011 . Titled: “What Credit Cardholders Should Know About Interests and Penalties on Credit Card Transactions,” this book is a handy reference .
    http://www.mb.com.ph/articles/304949/book-interests-and-penalties-credit-card-transactions-now-out

  • Credit Card Issuers Required to 'Cure' Penalty Rates | Fox Business
    Oct 8, 2010 . Missed a couple of credit card bills and get socked with a penalty APR? . penalty rateblues and return your account to its previous interest rate.
    http://www.foxbusiness.com/personal-finance/2010/10/08/credit-card-issuers-required-cure-penalty-rates/

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  • Credit Card Interest Rates, and How You Can Lower Them ...
    In the simplest terms, your credit card interest rate is the cost you pay for having a credit card balance. . This penalty rate could be as high as 28% or more.
    http://www.moneynowusa.com/credit-card-interest-rates.html


CARD Act conference: Key findings > Consumer Financial ...
When a consumer opens a new credit card account, the consumer is told what . In large part that was due to “penalty” interest rates that, prior to the CARD Act, .
http://www.consumerfinance.gov/credit-cards/credit-card-act/card-act-conference-key-findings/

Filing Late and/or Paying Late
Jan 18, 2012 . Take action now or you may face additional interest and penalties. . Payments can be made by credit card, electronic funds transfer, check, .
http://www.irs.gov/businesses/small/article/0,,id=108326,00.html

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Citi's No-Penalty, No-Fee Credit Card: What's the Catch ...
Jul 25, 2011 . Tagged: citibank, credit cards, CreditCards, interest rates, InterestRates, late fees, late payment, LateFees, LatePayment, no fee, no penalty, .
http://www.dailyfinance.com/2011/07/25/citis-no-penalty-no-fee-credit-card-whats-the-catch/


What is a Credit Card Default Rate
Definition: The credit card default rate is the highest interest rate charged by a creditor or lender, usually as a penalty for missing a payment, exceeding the credit .
http://credit.about.com/od/df/g/defaultrate.htm

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