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Guest blogger Kalen Smith holds an MBA in finance. He discusses financial topics such as investing, credit cards and economic policy on the Money Crashers personal finance blog.
By Kalen Smith / December 8, 2011
Credit card companies know what features their customers are looking for and naturally use the information to make their terms sound as compelling as possible. For example, they may capitalize on existing legislation designed to protect consumers, and they definitely make liberal use of “the fine print” to qualify their glorious-sounding offers.
In other words, many of their policies aren’t as great as they make them out to be, so don’t be fooled. Know what you’re really getting before you sign up. After all, the last thing you want to do is make an important financial decision based on terms that you don’t understand.