Credit Cards

If a credit card issuer seeks to reduce its risk with a cardholder, the issuer might opt to “balance chase” the customer by lowering the cardholder’s credit limit as the balance is paid down. Impacts of balance chasing If the…

According to the Credit CARD Act, your due date must be on the same day each month (for instance, the 7th of each month). In some rare cases, a card issuer may choose to change the payment due date because…