How To Avoid The Credit Card Trap

Late-payment fees are rising for credit-card users.
Grace periods are falling.

Late fees are often as high as $25, up from about $15.

The period before the late fee kicks in, which was five to
15 days, is being eliminated, to as little as one day.

SELF-DEFENSE: Mail payments for credit-card bills
on time.

HELPFUL: Mail each bill at least one week before it is
due, giving your card issuer.

Source: Marion Buhagiar: "The Book of Secrets"

Tips courtesy of Magazine --

May be printed for personal and educational purposes only.
Copyright © 2005, Magazine, Inc. All Rights Reserved

Click to return to the tip