One look in the mailbox, and you might wonder why credit is still hard to get.
Are you seeing a flood of solicitations to get a new card? You aren’t alone. According to http://www.LowCards.com, banks have mailed out three times as many solicitations to open new accounts, up significantly from the previous year. If you’ve been a good credit card customer, you are likely to see more solicitations for new cards. If you aren’t? Well, you might have to search for new card offers a little more.
As always, read the fine print and understand the fees when you apply for a new credit card. This could be a good time to transfer a balance to a card with a lower interest rate, but you need to know the rules with the new card. You can find some good information about comparing credit cards costs at www.federalreserve.gov/creditcard.