Credit card users can expect the most dramatic changes in credit terms, interest rates and fees in decades now that most major provisions of a new federal credit card law have gone into effect.

The new normal for credit cards is more transparency and easier-to-understand terms, but at a higher upfront cost. Credit card issuers and credit industry analysts say the credit card reform law makes credit cards more costly for all users and unaccessible for low-income families and people with bad credit. The law likely means the return of routine annual fees, fewer rewards cards and the possibility that credit card bills will be payable immediately rather than after a monthlong grace period.

Get all of the new lawes: http://www.creditcards.com/credit-card-news/help/what-the-new-credit-card-rules-mean-6000.php