If you’re looking to get a new credit card, you need to be careful. Because debt is such a massive market these days, it brings in a a lot of shady companies to the picture. One of the best ways you can tell these companies apart, is if the offer excludes residents of Iowa.
Iowa has some of the strictest laws when it comes to interest rates and late payment penalties, thus making it harder for these companies to get the proper rights to sign up people from Iowa. So if you see this line in an of the fine print, make sure you know that there’s a good chance it’s a shady credit card offer.