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Sunday, May 20th 2012

The Credit CARD Act of 2009 turns 1

A one-year look at the landmark legislation

By  and Tyler Metzger

On May 22, 2009, President Obama signed into law the Credit CARD Act of 2009, which brought sweeping changes to credit cards. Use the time line below to view how the Credit CARD Act dramatically altered how we use our plastic.

Other interactives: A guide to the Credit CARD Act of 2009, An interactive look at your new credit card statement, Credit card reform legislation time line, The life cycle of a delinquent credit card account, Bankruptcy filings, state by state, 2005-2009, How credit card transactions work

Published: May 18, 2010

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Credit Card Rate Report

Updated: 05-20-2012

National Average 14.91%
Low Interest 10.40%
Balance Transfer 12.43%
Business 12.67%
Student 13.77%
Cash Back 14.24%
Airline 14.63%
Reward 14.70%
Instant Approval 15.49%
Bad Credit 23.64%

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