If you read your credit card agreement, it’s clear that your issuer can change or increase your current rates at any time. If you own a credit card, don’t be surprised if the great rates you once enjoyed are now replace by expensive charges. If this happened to you, what can you do?

Is it time to change your credit card?

It’s a good idea to check your monthly statement of account and any other letter from your credit card. Remember that companies must give their customers a 15-day advanced notice before implementing changes. If there will be changes on your rates, call your issuer immediately and negotiate. If your issuer refuses to maintain your old rate, it may be time to find another credit card.
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All credit cards- regardless of their type (business, personal, rewards credit cards, etc) – can either be secured or unsecured. This article talks about unsecured credit cards and how you can get the most out of them.

What are Unsecured Credit Cards?

As its name implies, an unsecured credit card is one that doesn’t require any guarantee or cash deposit. Consequently, credit card companies offer this type of card only for customers with good to excellent credit history.
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