Newest Credit Card Study Released
| May 13, 2010 |
Have you ever wondered where your credit card issuer stacks up against the rest when it comes to fees associated with your card? How about how much fees have increased since the Credit CARD Act was implemented earlier this year. If so, a credit card study conducted by Bankrate.com may have the answers you are looking for and much more.
According the recently released study on credit card fees, it seems that so far this year the fees associated with your plastic are near those that were seen in previous years. In all there were over seventy cards examined by the fifty of the largest card issuers (including national issuers and credit unions), and the results showed that majority have maintained low- or no-fee policies in the majority of areas.
When it comes to fees associated with credit cards, the results of the survey may come as a surprise to many that expected fees to rise out of control due to the implementation of the CARD Act. While there were some fees that were increased and others that were created to help offset potential losses in revenue, there were many that stayed the same or increased slightly. In all, it may seem that most of the attention given to fees and the potential of absurd charges may have been a simply case of over exaggeration.
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