Credit+Card+Traps

=Credit Card Traps...Take Charge=

Credit Offers may sound good. But read the fine print carefully, for there are many traps to avoid. What may appear to be a good deal can be a very expensive lesson that could hurt for years to come. Watch for signs that an "offer" is not as good as it sounds.

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Carefully watch/read for the following:

Low introductory rate
The offer may say it's fixed, but the fine print may tell you that the fixed rate is "subject to change" without notice.

Late Fees
Most credit card issuers have late fees if you do not pay your account with the time specified. Often this timeframe is 10-15 days. The late fees are bad enough, but if you read the fine print on the "offer" the card issuer will also raise the interest rate if you are late with one payment.