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How credit card reform will impact you

Summary

The most sweeping credit card changes ever are being imposed on credit card issuers, which in the course of complying, are making dramatic changes in consumers’ credit card accounts — not all of them welcome. Need help? Check out these resources to master the…

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The most sweeping credit card changes ever are being imposed on credit card issuers, which in the course of complying, are making dramatic changes in consumers’ credit card accounts — not all of them welcome.

This new landscape is the result of the passage of the Credit CARD Act of 2009, whose major provisions went into effect Feb. 22, 2010. This page will be updated frequently as CreditCards.com continues to cover the law and the changes it brings to consumers.

White House answers questions about card law

An interactive guide to the Credit CARD Act of 2009

Latest credit card reform news

Interactive: Monthly credit card statements get remake
— Our interactive guide will show how new regulations have changed the look of your monthly credit card statement … (more)

Young adults still getting card offers, even after reform arrives
— Parents and young adults around the country may wonder why they are still getting mail offers long after major portions of the CARD Act took effect … (more)

How the Credit CARD Act will affect types of credit cards
— The new law has pushed issuers to make big changes, and some credit cards will be impacted more than others. We look at each type … (more)

What credit card reform means to consumers
While reform brings transparency and the end to some practices, it’s also created unpleasant surprises … (more)

The time line to credit card reform
Key dates in how the reform law came to pass, and how soon its various provisions will phase in … (more)

How card reform impacts young adults
Students, say goodbye to free pizza for a credit card application and easy credit … (more)

The new rules and gift cards
We love to give them, but not the way the money in them evaporates. That’s changing … (more)

Video: White House answers credit card reform questions
Watch a replay of a live, online town hall with White House economic adviser Austan Goolsbee that was hosted by CreditCards.com  … (more)

See related: How the Credit CARD Act affects consumers, How the Credit CARD Act affects young adults under 21, How the Credit CARD Act affects gift cards, A comprehensive guide to the Credit CARD Act of 2009

Credit Card Rate Report Updated: October 16th, 2019
Business
15.18%
Airline
17.11%
Cash Back
17.25%
Reward
17.13%
Student
17.29%

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