The media has been warning consumers for months now that the fallout from the credit card changes instituted by the Credit Card Accountability, Responsibility and Disclosure (CARD) Act is likely to involve increased fees, and the latest news from Citigroup is further proof that the prediction is right on. This past week, a large group of Citi cardholders received [...]
Entries Tagged as 'increased credit card fees'
Sign of Things to Come? Citigroup Increases Credit Card Fees
February 23rd, 2010 · No Comments · Banking, Credit Cards
Tags: CARD Act·citigroup credit card fees·credit card annual fees·credit card fees·increased credit card fees·minimal annual purchases
Feds Cut Rates, Yet Credit Card Rates Continue Upward??
December 9th, 2008 · No Comments · Credit Cards
It’s a classic case of “what is wrong with this picture”: the Federal Reserve recently slashed it’s benchmark interest rate for the umpteenth time this year to 1%, it’s lowest level in years, yet many consumers are getting broadsided with higher rates and fees on their credit cards. So what gives? The bottom line is, [...]
Tags: banking fees·consumer spending·credit card fees·credit card rates·Credit Cards·higher fees·increased credit card fees·interest rate increases
