Credit card companies are creating more traps to control consumers, offering low offers then charging way too high interest for long term. What Happen to the laws. Automotive loans, house loans, personal loan, ETC are controlled on how much you can mark up rate. Credit card companies are Banks with a different set of Rules. This needs to change. When the trap starts low rates are offered. Then the special runs out. the Credit card companies then start high rates on balances. Then the Credit card companies pull your high limit down to what you balance is owed. Then to control and not loose costumers they report this new lower limit to all of the 3 credit companies. Causes, all credit limits to lower and not show true high credit given, causes lowered credit scores and traps customers.



