HapiMoney

The Wall Street Journal has a pretty revealing article on changes coming to credit cards. Due to the attempts by the Obama administration to cut down on certain credit card shenanigans, the industry as a whole has responded with, guess what, more shenanigans!

Read the fine print the next time you sign up for a credit card, and be prepared for the following:

1) Annual fees

2) Higher annual rates (some touching as high as 20 or 30% APR)

3) Application Fees (yes, you get charged to apply, regardless of whether you are accepted)

4) Fees for not using your credit card enough (yes, fee’s for not using something).

Buyer beware, ladies and gentleman!