The Ninja Way to Find the True Reputation of Your Credit Card Company

In these tough times, many people struggle to get credit lines that they deserve. Credit card companies have been raising interest rates on consumers, and many credit cards are known to be using deceptive business practices to penalize their cardholders and charge with fees and outrageous interest rates. Now more than ever, it is essential for the consumers to look at the track record and over all reputation of credit card companies to make sure they are getting in the right relationship.

Every week you can find the credit card holders complain about how they are treated by their card issuers. Many complain about hidden fees. A few are surprised about the interest rate hike that they have gotten. Finally, some are surprised about having charged late fees for no specific reason.

In truth, the majority of complaints are not justified. Many credit card consumers send their payments too close to the due date, and they expect their credit card issuers to mark them as on time. However, the credit card companies use the reception date to mark off these payments, and often consumers are charged a late fee as a result. In addition, these companies often talk about raising your interest in case of a late payment, so cardholders who miss their payment or send it late can expect to receive a huge rise in their interest rates.

A very few credit card banks engage in deceptive practices to make more revenue out of their customers. These deceptive practices include ambiguous monthly charges and unexpected rise in balance transfer or purchase APRs. Worse, a few of these companies have been found guilty of credit fraud in which they mark on time payments late to extract late fees and more interest from credit-worthy customers.

In these tough times, it is easy to trust the first credit card issuer that offers you a large credit line. But in truth, consumers need to do proper research before engaging in a business relationship with credit corporations. Sites such as provide information about these practices by all companies around the world. In addition, consumers should check credit card forums and the latest credit card news to find out about the reputation of the company they are planning to work with. Asking friends and family members about their experience with issuers can also help with the process. At the end of the day, in today's digital world, there is no excuse for not having done proper research before entering a business relationship.