CREDIT CARDS » Credit Card Rates

When you go to the store to buy groceries, stop at a gas station to fill up the tank, or decide to treat yourself to a little something at the local boutique, chances are you will use a credit card. This doesn't always mean that you will have to face your credit card bill at the end of the month. If you are using a prepaid credit card you can relax knowing that your purchases are paid in full.

Who Offers Prepaid Credit Cards?

Obtaining a prepaid credit card couldn't be easier. If you visit your local drug store or supermarket, you will see a variety of prepaid credit cards to choose from. All major credit card companies offer prepaid credit cards. You simply choose the amount you would like to spend and purchase it. After that, you can feel free to spend anywhere the credit card is accepted.

Prepaid Credit Cards May Help You Stay Within Your Budget

In today's economy, every penny counts. It is vital to have a budget and stick with it. When you use a prepaid credit card, you know where your money is going before you spend it. Prepaid credit cards take the hassle out of acquiring any unwanted balances on your credit cards and help you stay on track. Another benefit of a prepaid credit card is that you can avoid paying any finance charges because there is no chance of a balance on your credit statement. Once you've purchased it, you are free to spend and stay on track.

It's difficult to avoid overspending today. Prices are going up and it may feel more difficult than ever to stretch your dollar. Using a prepaid credit card may be your best defense against spending more than you should. Once you have chosen the amount on your card, you know that you won't end up spending more than you can afford.

Check out the different types of PREPAID CREDIT CARDS available on Go Banking Rates and see if you can help stretch your dollar.

Everyone has heard of the new credit card laws and the good news is that new credit card laws are going into effect on July 1, 2010. The bad news is that not everyone is going to qualify for the better practices that the new credit card laws are meant to achieve.

How the new 2010 credit card laws will be affecting consumers:

After listening to the complaints of millions of Americans concerning unfair credit card practices, the federal government has now gotten into the act and has passed legislation which will result in new credit card laws being implemented on July 1, 2010. These new credit card laws seek to address complaints concerning unfair practices such as:

• limits on the number of interest rate increases
• double-cycle billing
• clear grace periods for making payments, etc.

The new credit card law should make it easier and less frustrating to be a credit card customer, and to put an end to less-than-forthright practices by credit card companies that ultimately end up confusing the consumers - a confusion that causes consumers to make mistakes which causes credit card companies to penalize customers with high fees. As a matter of fact, penalties and fees are an important part of a credit card company's profit margin.

Those who will not benefit from the new credit card laws include people who have business credit cards. Since businesses are not technically considered consumers, they won't enjoy this new way of doing business. Also unaffected by the new credit card laws are members of the military who are returning home to America from overseas. This is because their credit card rates are mandated to be capped at 6% while they are abroad, but when they come home they will see their rates go back up to normal, which can be quite high. Such an abrupt and large rate hike is forbidden under the new credit card laws. If you're a member of the armed forces who is about to return home, take heart: the new credit card laws may also cover you, they just haven't been totally hashed out yet.

To learn more about the new credit card laws and how to use your credit cards wisely consult with a financial advisor.

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