New Credit Card Application Tips for Consumers and the Media at

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There was a flurry of press surrounding the passage of the CARD Act and I think it gave consumers the false impression that credit card applications were now going to be more transparent. This simply is not the case recently expanded its credit card application tips section to help consumers and the media understand the intricacies of credit card offers. In the many articles penned by founder and editor Jeffrey Weber, he explores elements that include deceptive 0% and low interest rate advertising.

"A recent article in GQ really motivated me to get this information out to as many people as possible," said Jeffrey Weber. "In the article New Rule of Personal Finance, GQ makes a recommendation for the best balance transfer credit card. Unfortunately, the article fails to mention that the advertised 0% APR for 12 month rate only applies to certain applicants. Many other applicants may only get a 0% for 7 months. This truly is far from the best balance transfer card. Had the author known more about the fine print, I hardly think he would have recommended it."

In his new series of articles, Mr. Weber highlights how credit card companies advertise 0% rates for up to 12 or 15 months, but only grant those generous rates to the most credit worthy applicants. In a similar vein, many credit card companies advertise rates that are as low as 11.99%, but may actually charge consumers twice as much.

"There was a flurry of press surrounding the passage of the CARD Act and I think it gave consumers the false impression that credit card applications were now going to be more transparent, "said Mr. Weber, "This simply is not the case. Especially when it comes to teaser rates designed to draw in new customers.", according to Mr. Weber, "was designed to help both consumers and the media research credit card applications so they can make informed decisions and recommendations."

"I don't blame personal finance writers for making mistakes when they write about credit cards. I've been in this business for over six years, and it took me quite a bit of time to get a grasp on what was really going on-and my sole focus was credit cards, not the myriad other issuers personal finance writers have to tackle. My goal is to assist these writers so they can get the best information out to their readers."

"For consumers, the key problem is getting them to take a moment to read about credit cards before applying, "says Mr. Weber." "There is a tendency to click and apply for the first credit card they find. This can be a huge mistake. At CardWisdom, spending five or ten minutes researching credit card applications can translate into substantial savings."

Consumers can visit CardWisdom to apply for credit cards or submit their credit related questions to Mr. Weber. Writers seeking information on credit card offers can also reach Mr. Weber at

About and Jeffrey Weber

Jeffrey Weber, a six year veteran of the credit card industry, is the President of Credit Card Depot Inc, an online credit card information provider that operates websites that focus on educating consumers about the wise use of credit cards. He recently launched CardWisdom to help both consumers and the media learn more about the deceptive practices of credit card companies. For more information, please see


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Jeff Weber
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