An article Wall Street Journal today warns consumers to beware of fees unexpected credit cards. In the current economic climate, is not it surprising that banks and credit card companies are seeking any excuse to earn some extra dollars here and there. A CEO of a bank card advisory firm is quoted saying. "Fee income is becoming more important than the interest income is declining as a percent of total revenues" late fee, loan origination, over-the-limit and overdraft fees are becoming more important sources of income for the banking sector.
So now more than ever, it is crucial to read the terms of credit card carefully and check your statements. most costs are avoidable, as long as you are careful with the rules and deadlines and practice fiscal responsibility. and when opening a new checking account or apply for a card credit, take various costs into account when deciding which one is right for you.
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