Consumer Reports Survey finds Credit Card issues improving in wake of Credit Card Act of 2009; but some Perils Linger
October 10, 2010
Report identifies some good cards, and bad.
Yonkers, NY – With the protections of the Credit Card Act of 2009 in full effect, a nationally representative survey shows a slightly lower level of dissatisfaction among Americans with their credit cards than last year. However, credit cards remain one of the lowest-rated services Consumer Reports has ever analyzed; only 45 percent of respondents said they were completely or very satisfied with their cards.
The survey, conducted in July by the Consumer Reports National Research Center also shows that consumers are carrying less credit card debt, with median balances of $3,793— $1,100 lower than in 2009. [Read more]
