24 Quotes by Robert McKinley

We're in an environment right now where there's a lot of strain in the profitability of credit cards, ... Issuers are looking to hit you with fees and those sorts of things.

There are fees. You may have a balance transfer fee or a convenience fee, and the interest starts right away and the interest rate typically on those checks is very high. Nineteen percent or higher.

Making the minimum payment ... is probably one of the biggest expenses any consumer can make, ... You can end up paying for this Christmas for years to come.

Many of those fixed-rate cards haven't moved at all this year.

Many issuers have a charge back form built into the monthly billing statement.

So it's possible that any rate cut today could be offset by a bump-up in pricing.

If someone rips you off, it's a real mess to clean up.

There are sort of give backs with those low rates.

Just pay attention. Make sure you're not given a product you don't want.