Credit cards, good news if you carry a balance
In this video, we were discussing credit cards and some information recently released out of the Biden administration. As of recently, the Biden administration is working on cutting out fees for credit cards as well as other fees added to some purchases for consumers. As a result of this, we are discussing some major changes to credit cards and late payment fees that are charged to card holders in the event a payment is received late. This is some encouraging information and nice to know as credit card fees can add up very quickly and especially right now during these very high prices, a lot more people are floating balances on credit cards just to make ends meet. As a result of this, we are discussing the details on credit cards, what this would do for saving money, Getting more money and ultimately reducing the fees paid on outstanding balances and late payments. As we get further details on this and what the Biden administration decides to do to cut late fees for credit card holders, we will certainly bring that to your attention.
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