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Downsides To Small-Business Credit Cards

Saturday, August 28, 2010 - 6:34 AM
Some of the best credit card offers are for small-business credit cards. The good news is that credit card companies are making it easier for anyone to apply for these. The bad news is that there's a reason they're doing that. According to this WSJ article:
Among other things, the [Credit Card Accountability and Responsibility and Disclosure Act of 2009] prohibits issuers from controversial billing practices such as hair-trigger interest rate increases, shortened payment cycles and inactivity fees -- but it doesn't apply to professional cards

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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