Comments on: What Triggers Credit Card Universal Default http://www.pfadvice.com/2005/11/19/what-triggers-credit-card-universal-default/ Bridging the gap between saving money and investing Wed, 08 Oct 2008 09:00:53 +0000 http://wordpress.org/?v=2.6.1 By: B. Durbin http://www.pfadvice.com/2005/11/19/what-triggers-credit-card-universal-default/#comment-153 B. Durbin Tue, 22 Nov 2005 01:38:47 +0000 http://www.pfadvice.com/2005/11/19/what-triggers-credit-card-universal-default/#comment-153 Another thing to look out for if you decide (for whatever reason) to carry a balance is if the minimum payment covers interest, because if it doesn't, your balance increases while you're paying every month! Discover is notorious for this, though I don't remember if they were the ones who recently had to change that policy due to a lawsuit. Oh, and they charge you fees? Interesting... I've never had a fee card, but then ten years with one card might do that for you. Another thing to look out for if you decide (for whatever reason) to carry a balance is if the minimum payment covers interest, because if it doesn’t, your balance increases while you’re paying every month! Discover is notorious for this, though I don’t remember if they were the ones who recently had to change that policy due to a lawsuit.

Oh, and they charge you fees? Interesting… I’ve never had a fee card, but then ten years with one card might do that for you.

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