Last month, Capital One was hit with a $210 million penalty for engaging in sneaky marketing practices, including pressuring …
Credit card fees
Retailers Can Now Charge Extra For Credit Card Buys — But Will They?
The 7-year fight between merchants and credit card companies over interchange fees on credit cards has finally been resolved. A settlement was reached on Friday that gives retailers a little over $6 billion in a lump sum payment, …
Credit Card Surcharges May Be Coming to a Retailer Near You
Retailers have been fighting for the right to charge people more if they pay with a credit card. They may soon win that battle.
The Fee That Credit Card Issuers Are Leaving Behind
Banks, the thinking goes, have never met a fee they didn’t like. Yet one credit card charge that has been standard for years—the “foreign transaction” or “foreign currency” fee, which tacks on an extra 3% or so to every hotel …
Fewer Credit Cards Have Late-Payment Penalty Rates
The good news is that the number of credit card issuers who spike cardholders’ APRs if they miss a payment has fallen pretty significantly in only a year. But (there’s always a “but”) the flip side of that development is that …
5 Credit Card New Year’s Resolutions
It’s time for New Year’s resolutions: Along with promises to yourself about cutting out the reality TV and hitting the gym more often, there are also some financial goals you should set for 2012. Specifically, there are some …
The Mounting War Over 32 Cents
Credit CARD Act Turns Two: Are Consumers Better Off?
It's been two years since Congress passed credit card reform. Since then, it's gotten mixed reviews on how effective it is in protecting consumers.
