Thursday, July 9, 2009

No Credit Card Rate Hikes Here!

It is being reported that several large banks, credit card issuers and even department stores have begun raising their interest rates in response to the new credit card protection legislation. These rate increases are not based on payment history or inactivity but are just another way for these companies to squeeze their customers for more money.

It is important for you to know that Team One will not raise credit card rates unnecessarily to hurt our members.

Rest assured that our goal is to continue to provide credit cards that our members can use responsibly and continue to afford. We will always keep you informed of any changes to your credit card and never charge excessive penalties or fees. If you have a credit card with another financial institution, now would be the perfect time to consider transferring your balance to a Team One Visa Platinum card.