11 tactics to be aware of for your credit cards

[KIEJON9]

11 tactics to be aware of

1. Increasing purchase interest rates
2. Increasing cash withdrawal interest rates
3. Raising balance transfer fees
4. Raising cash withdrawal fees
5. Raising foreign usage fees
6. Introducing duplicate statement fees
7. Introducing low usage charges
8. Introducing monthly fees
9. Introducing address tracking charges
10. Decreasing the number of interest free days
11. Amending the order of repayments

American Express is one of the worst offenders;

• Credit card purchase interest rates up 3% to 15.9%
• Credit card cash rates up 5.345% to 25.9%
• Credit card cash withdrawal fees up 0.5% to 3.0% (min charge 3)

MBNA and Morgan Stanley are also fairly close behind

• MBNA's credit card balance transfer fee is up by 0.5% to 3.0%
• MBNA's credit card cash rates are up 3% to 27.9%
• Morgan Stanley's credit card cash withdrawal fees are up 1% to 3%
• Morgan Stanely's duplicate statement charge is now $5

With credit card companies increasing rates and fees faster than you can shake a stick at, it even more important that you review your credit card regularly to make sure you're getting the best deal. When your provider sends through revised terms and conditions, however tiresome it may be, take the time to read the changes being made, as there is a good chance that it could result in your credit card costing you more!

[mousepad]

dude thats a 4 year old story

[rwmtd]

KIEJON9, I am curious where did you find your source for this info. can you provide us with a link?

TIA,

rwmtd

[KIEJON9]

dude thats a 4 year old story

I got this in a email last nite from a friend that works at a bank in new york

[KIEJON9]

KIEJON9, I am curious where did you find your source for this info. can you provide us with a link?

TIA,

rwmtd

Hi I got it from a friend that work at a bank I will send them a email asking for the link thank you

[mousepad]

MBNA has been gone for a wile now

[KIEJON9]

I KNOW THAT BUT I WANT THE NETWORK TO KNOW ABOUT THE AMEX PART AND Morgan Stanley

American Express is one of the worst offenders;

• Credit card purchase interest rates up 3% to 15.9%
• Credit card cash rates up 5.345% to 25.9%
• Credit card cash withdrawal fees up 0.5% to 3.0% (min charge 3)

[rsty99]

I have been getting new credit card agreements like Pennys has gone from 19% to 25%, while I dont carry balance some might.

[hjm331]

It's a sign of the times.

[ColoNative]

I KNOW THAT BUT I WANT THE NETWORK TO KNOW ABOUT THE AMEX PART AND Morgan Stanley


American Express is one of the worst offenders;

• Credit card purchase interest rates up 3% to 15.9%
• Credit card cash rates up 5.345% to 25.9%
• Credit card cash withdrawal fees up 0.5% to 3.0% (min charge 3)

Morgan Stanley doesn't issue cards here anymore since they spun off Discover.

But good article nonetheless, it does raise some of the same cautions that exist in this climate.

[mousepad]

Morgan Stanley doesn't issue cards here anymore since they spun off Discover.

But good article nonetheless, it does raise some of the same cautions that exist in this climate.

lol right right

[mousepad]

Plagiarism is the use or close imitation of the language and thoughts of another author and the representation of them as one's own original work.

[hjm331]

[KIEJON9]

lol right right

http://moneyfacts.co.uk/Cards/guides...dit-cards.aspx

[KIEJON9]

Plagiarism is the use or close imitation of the language and thoughts of another author and the representation of them as one's own original work.

http://moneyfacts.co.uk/Cards/guides...dit-cards.aspx