Credit card rules may offer consumer relief

Everyday credit cards
A window sticker advertising Visa and MasterCard credit cards hangs in a window in San Francisco, California.
Justin Sullivan/Getty Images

President Obama is expected to sign into law a credit card reform bill that would prevent card issuers from raising rates unless a cardholder is 60 days behind in making a payment.

Consumer advocates are praising the bill, but some are concerned that banks will make up the income by dropping rewards programs and imposing annual fees.

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