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Credit Card Interest Rates Fees

How will swipe fee limits affect credit card holders?

Merchants and credit card companies are still fighting it out over the planned reduction of swipe fees, a rule by the Federal Reserve that will limit the excessive fees currently charged by banks and credit card companies with each swipe. The proposed cap is being promoted as a way to save consumers money at retail stores, [...]

Categories: Credit Card Interest Rates / Fees, How Credit Cards Work
Some Credit Card Holders Must Choose Between Extra Fees or Lower Credit Scores

A wave of new service fees has credit card customers asking whether the benefits of keeping a dormant credit card open are worth the price. According to a recent Bloomberg report, Fifth Third Bank altered its customers this summer that it would institute new inactivity fees for most of its credit cards. Fees for maintaining [...]

Categories: Credit Scoring / Reporting, Credit Card Interest Rates / Fees

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