Home Depot. Target. DSW. Neiman Marcus. TJ Maxx. What do these companies have in common? They have all suffered massive credit card breaches in recent years and, unfortunately, they are not the only ones.
The CARD Act was implemented on Feb. 22, 2010, and the two-year anniversary of this date marks a fair time to assess the Act's successes, failures and overall implications for consumers with credit cards.
If you have excellent credit, there's a good chance that you have a Visa Signature credit card, a World MasterCard credit card or an American Express charge card. If this is, indeed, the case, you might be in for one nasty surprise.