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Thursday, February 9th 2012

Video: Why you don't understand your credit card agreement

Credit card agreement readability

By CreditCards.com staff

A CreditCards.com study found that the average U.S. credit card agreement is written on a 12th grade level. That means 4 in 5 Americans can't understand their agreement, since the average adult reads at a ninth grade level. Why are they so hard to read? Senior reporter Connie Prater explains.

Updated: September 10, 2010

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Credit Card Rate Report

Updated: 02-09-2012

National Average 14.91%
Low Interest 10.40%
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Cash Back 14.45%
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