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4 Cards in this Set
- Front
- Back
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What happens if I make a late payment?
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RED FLAG: Some credit card issuers charge harsh penalty fees and raise your interest rate as soon as one payment is late, even by a few days. If your interest rate goes up based on a late payment, you may want to avoid this institution. If the institution charges a penalty for a late payment, you should have sufficient time to avoid it.
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Does your credit card have a minimum finance charge? (Note: This is not the same as a minimum payment amount)
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RED FLAG: You should not have to pay a finance charge when you have no activity on your credit card.
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Do you use information about where I shop and what I buy in determining whether to make changes to my account, such as adjusting the line of credit?
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RED FLAG: The use of "behavioral scoring" is a red flag -- any changes in your terms should be based on your credit profile, not your shopping habits.
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Do you sell "add ons" to your credit like credit protection, identity theft protection, or credit monitoring?
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RED FLAG: These services often cost much more than they should for very little to no benefit. If you are given these as options, consider declining them all.
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