Xavier Media®

On May the 2nd Federal Reserve Board proposed a new Credit Legislation to protect consumes from unexpected increase in the rate charged on pre-existing credit card balances. The proposed rules would also forbid banks from imposing interest rates charged using the "two-cycle" billing method since consumers must get reasonable amount of time to make their credit card payments. Another thing these new rules would protect consumers from is unfair payment allocations that would maximize interest charges. Causing the credit charges to be much higher then they should have been otherwise.

At SmartBalanceTransfers.com you can find credit cards from all the major banks and financial institutions like Discover, American Express, Chase and Bank of America. You can compare a wide range of credit cards with 0% APR balance transfers and no fee balance transfer.They also got a balance transfer calculator to help you save the most money possible when you transfer money and some good articles on the subject.

The article of the month this month is about how to avoid a 0% APR balance transfer mistake, i.e. how to stay away from unnessesary penalty interests. If you follow the three simple steps provided in the article you should be able to use a great opportunity to save money interests.

See credit card news for more information about the proposed new credit legislation.

About the author
Andreas co-founded Xavier Media® in 1996 and has since been involved in all kinds of development, marketing and making money online.