Considering the incredible amount of debt most Americans are carrying -- particularly on their high-interest credit cards -- the Supreme Court ruling last month that forced MasterCard and Visa to halt some of their anticompetitive practices may have been one of the most significant changes in economic policy our country has seen in decades. PBS has a forum about the decision, but the gist of it is that MC and Visa can no longer prevent their issuing banks from partnering with other credit companies, such as American Express and Discover. Opening this market should result in increased competition and better customer value, likely in the form of reduced fees and interest rates.

Still, the best policy with a credit card is to pay it off completely every month, then you won't have to worry about rates at all.

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