Audio: The New Rules of Credit Cards

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My Credit Card company advised me that they will be using variable rates now. I have decent credit, but do have a high balance on this card. Any suggestions what I should do? i have a low bank loan i could access to pay it off, but are the bank loans going to implement something similar in the near future? HELP! I dont want to be one of those who can afford their house because they got a variable rate on their loan!

cindy of TX 12:21PM July 02, 2009

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Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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