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I watched a "Frontline" last night about credit card and credit practices of the banks. There is a lot to know about interest rates, minimum payments, late and over limit fees. Credit card companies can change your interest rate with only 15 days notice for any reason.
"Even if you make your credit card payments on time, the credit card bank can raise your interest rate automatically if you're late on payments elsewhere -- such as on another credit card or on a phone, car, or house payment -- or simply because the bank feels you have taken on too much debt."
Click on the link to read the other things you should know about your credit cards.
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