Choosing a credit card
Today’s savvy consumers are presented with a wide array of credit card choices from cards with low annual percentage rates, cards with no annual fees, rebate cards, gold cards, platinum cards, and on and on it goes from the credit card offers.
So how do you choose the best credit card? Before selecting a credit card, be sure you know which credit terms and conditions will apply to the account. The Truth in Lending Act is a federal law that promotes the informed use of consumer credit by requiring disclosures about its terms and cost, using specific terminology. In short, the Truth in Lending Act allows the consumer to “shop around” to find the best credit card for you.