Pay Attention to Your Credit Card Accounts. Especially Now!

I've been reading bits about new credit card policies and fees, but I haven't paid much attention.  This article by Lynn Truong at Wise Bread really got me fired up, though.  It seems that the random credit fees and costs are getting really out of hand.

Read the comments, then check your cards to make sure that you aren't being hit by any of these inappropriate fees.  I've not had any problems with my Navy Federal and Pentagon Federal cards.  I've heard complaints that USAA is raising their interest rates, and I received a notice that it is going up to 7.75%, but it hasn't happened yet.  And I don't think that 7.75% is bad if all the rest of the cards terms are good.

It looks like we're all going to have to be very proactive in keeping an eye on credit accounts.

About the Author

Kate Horrell
Kate Horrell is a military financial coach, mom of four teens, and Navy spouse. She has a background in taxes and mortgage banking, and a trove of experience helping other military families with their money. Follow her on twitter @realKateHorrell.