Credit Card Traps You Still Need to Watch For

President Obama signed the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009, marking a major milestone in consumers’ love-hate relationship with credit cards.The new rules go into effect in nine months (though some will kick in as soon as 90 days) and banks start curtailing the abusive practices this legislation reins in. Read on to find out what else might change for you as a consumer in terms of new fees, higher rates, change in grace periods, less rewards and the possibility of no more promotional rates.