CARD Act - Bank acceptance comparison chart.

submitted on February 16, 2010 by WhattaDealBlog in "Buxr Website / Contests"

The CARD act is supposed to go into effect next week, Feb 22. As we get close to the deadline, is your credit card complying with the rules? Courtesy of BillShrink, this giant infographic is here to tell you the answers. Teaser: absolutely zero issuers are doing fair allocation of payments.

So far the bank with the furthest to go to meet the requirements is Iberia Bank which I've never heard of. Most banks still have 4-5 requirements they do not meet.

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professor

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Posted by mooncow728 on February 16, 2010

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I'm almost dreading this more than I am happy about it. All the companies are doing now is making up new fees that are a lot worse. This whole credit crisis is getting horrible. Heck the one account I decided to keep open to help my credit just got closed a few weeks ago for no reason. It's through Citi and they just sent me a letter saying that they had closed my account. In the 5 years I've had the card, I've only been late once. I'm so sick of this all. Now I have to worry about what stupid fees and such my husband is going to get on his cards. It's impossible to build credit anymore without having to shell out tons of money. Guess I'll just be renting a house forever. /endrant

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