Facing with a massive loss of revenue from banking fees curtailed under the new credit card reform legislation, banks have gotten creative in their fee-harvesting techniques. Among other things, they have revived annual fees; shortened billing cycles; levied new charges on cards with low credit limits; increased balance-transfer, cash-advance and foreign-exchange fees. Debit Cards. Federal [...]
Entries Tagged as 'credit card statement'
Sneaky Ways Banks are Collecting Fees in the Post CARD Act Era
November 9th, 2010 · No Comments · Banking, Credit Cards
Tags: bank fees·Credit card·credit card insurance·credit card statement·Debit Cards·fee-harvesting·Minimum Payments·prepaid cards
Want Chase to Charge “Late” Fees? Make Your Payments Early
January 28th, 2010 · 6 Comments · Consumer Debt
I really didn’t think lending practices could sink any lower. We’ve had First Premiere charging 79% on credit cards, universal default (your other credit cards raising interest rates if you pay late on someone else), transaction sorting and outrageous overdraft fees. I just read two posts on the consumerist about readers who wrote in complaining [...]
Tags: Chase Bank·credit card statement·Credit Cards·FTC·Grace Period·lete fees·mortgage payments·payment cycles·State Attorney General
My Experience With a Stolen American Express Card
August 31st, 2009 · 1 Comment · Credit Cards
Yesterday, I was going through my statement from American Express and noticed that there were a large number of unfamiliar charges. Lots of them – to the tune of $1500, and all of the charges were in Los Angeles, CA. The list was quite entertaining, (especially because I didn’t have to pay for them): Some [...]
Tags: american express·brick and mortar stores·Credit card·credit card statement·online purchase·point of sale·restaurants·sell information·swiped
