Warning on Credit Card Offers
Written on November 1, 2011 by Maragaret Harrison
Credit card companies are sending enticing offers to consumers tempting them with low introductory rates and other deals but Consumer Reports says: read the fine print before signing.
- Some companies offer cash bonuses for signing up and spending a certain amount, but it must be done within the first 90 days.
- Most low interest rate offers are usually for a limited time then the rate goes up.
- Free round-trip ticket promotions usually require hefty spending in a short time period; for example, spending $3,000 in the first three months.
- Several credit cards used to pay five percent cash back on gas but most only pay three percent now.
- Be sure to check for expiration on rewards, especially with travel cards.
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