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WV AG Urges Consumers to Use Caution with Holiday Credit Card Offers

December 5th, 2022 by WCBC Radio

West Virginia Attorney General Patrick Morrisey is urging consumers to exercise caution when evaluating credit card offers this holiday season. The advice comes as part of the Attorney General’s Holiday Consumer Protection Week.
Consumers may see an uptick in credit card offers with the Christmas shopping season now in full swing. While it may be tempting to take advantage of the “buy now, pay later” option, the Attorney General urges consumers to verify the credit card offer is legitimate.
“It’s always a good idea to verify any sort of offer you may receive,” Attorney General Morrisey said. “Credit cards can be attractive as they offer consumers the option to pay off purchases over time, but credit card fraud can wreak havoc on finances, so it’s important to be vigilant.”
Holiday credit card offers require a close reading of the contract. Deferred interest promotions may promise zero-percent interest through December 2023, but failure to pay off the entire balance by the promotion period’s end could stick the consumer with an interest charge dating back to the item’s original purchase date.