Your card issuer knows you are broke

If you are one of those thousands of Americans using credit cards to buy grocery and fill gas in your car, because you do not have cash at all, then here is some bad news. All major credit card companies know by now that many users are broke, according to a New York Times report. So card issuer are now expected to adopt stricter measures to avoid credit card debts like charging higher interest rates, lowering credit limits, charging higher service fees, penalties and so on.

If you have been using your credit card all along without knowing your credit card offers compared to others you could try credit card comparison now. That will help you get a better idea of the best interest rates and reward points available in the card market. As for those with a huge card debt and zero income, your only option now would be to check credit card offers with zero interest balance transfers for a limited period.

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