New credit-card rules offer consumers new pitfalls

02/18/2010 | CNNMoney

New credit-card rules that go into effect Monday are aimed at improving disclosure for consumers, but there are some potential pitfalls. The new law could result in card issuers implementing higher fees to compensate for interest-rate caps, and it could become tougher for consumers to get a new credit card. The new law also is likely to curb the number of rewards offered by companies, this article says.

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