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LaToya Irby
LaToya's Credit / Debt Blog

By LaToya Irby, About.com Guide to Credit / Debt

Don't Mistake Credit Card Notices for Junk Mail

Sunday November 8, 2009

It's more important than ever to read anything and everything you get from your credit card issuer. There are only a few months left before the bulk of the new credit card rules go into effect and credit card issuers will use mail to notify you of any changes to your credit card.

New rules already require credit card issuers to notify you 45 days in advance of an interest rate increase. That notification also includes important details about rejecting the rate increase if you'd rather pay your bill at your current, lower interest rate. Your credit card issuer will also notify you in advance of any other major changes to your credit card, like a new fee.

You may receive generic looking envelopes that appear to be junk mail, but confirm that it's junk mail before you trash it. It could be an important letter from your credit card issuer.

Related Reading:

Comments
November 8, 2009 at 11:33 am
(1) John DeFlumeri Jr says:

There will be a lot of credit card notice mailings now with the new rules going into place.

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