Costly Credit Card Tricks
Stephanie AuWerter writes in SmartMoney about credit card debt and current card issuer practices with respect to fees, adjusting interest rates, etc.
Does it seem as if you can trigger those penalties just by breathing these days? You aren't far off: Over the past few years, credit-card companies have become increasingly dependent on the fees they charge users. In 2001, fee income represented 28% of credit-card companies' total income, according to CardWeb.com. Over the past five years, this figure has increased by 172%.
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