Hidden Costs of Credit Card Rewards

[bjl584]

http://www.marketwatch.com/story/the-hidden-cost-of-credit-card-rewards-2013-08-22?dist=countdown

"When cashing in the their credit card rewards, consumers often get blindsided by fees and other costs—fine print buried in legalese only lawyers and gluttons for punishment can decipher, according to a new study."

"despite a federal credit-card law enacted in 2010 aimed at cutting at least $12 billion in fees and interest charges, experts say there is a loophole when it comes to credit card rewards. “There really are no regulatory requirements that mandate what must be communicated,” says Ben Woolsey, spokesman for credit-card comparison site CreditCards.com."

[GrimJack]

Shooting blanks now??

[shaggy]

Sounds like an interesting article...I wonder if the forum will right itself.

[Wino]

http://www.marketwatch.com/story/the-hidden-cost-of-credit-card-rewards-2013-08-22

I think that's the article in the link above. I wonder if this will post.

[shaggy]

http://www.marketwatch.com/story/the...rds-2013-08-22

I think that's the article in the link above. I wonder if this will post.

Thanks!

The comments section is out of control.

[bjl584]

Shooting blanks now??

Haha

There were some issues with the forum the other day. Some postings and links were disappearing.

Wino reposted the article.