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, [...]
Credit Card Interest Rates / Fees
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 [...]
Credit Scoring / Reporting, Credit Card Interest Rates / Fees