Going forward, you’re likely to receive far fewer credit card solicitations in the mail and fewer offers of interest-free cards with rates that skyrocket after an initial grace period. You’ll also see fewer policies intended to trick or deceive customers, like cashback rewards for unpaid balances, which actually encourage cardholders not to pay what they owe. But the credit card companies say that to compensate for these changes, they’ll need to raise rates across the board, even for good customers.
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