Summary
Before splurging on your summer vacation, consumers should be aware of a new minimum payment rule from one of the nation's biggest credit card companies.
If you don't, those happy summer memories could be followed by a most miserable fall.See the full content of this document
Extract
Another Plastic Shock Ahead
That's because starting in July, Bank of America credit card holders, whose minimum payment has been $10 plus interest and fees per month, will have to pay 1 percent of their balance, plus extras.
So on a $5,000 vacation, your minimum payment goes from...See the full content of this document
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