Motley Fool: The Return Of Credit-Card Fees
November 20th, 2006 | POSTED BY ROB
Last week, in Your Credit Cards Need £1 Billion, I warned Fool readers that credit-card companies are seeking ways to maintain and increase their record profits.
Thanks to rising bad debts, a growing number of canny rate tarts (who avoid paying interest on their debts), plus an Office of Fair Trading investigation into credit-card penalties, credit-card issuers have taken a few knocks this year. Hence, I expect them to come out fighting, most probably by increasing their interest rates and charges while reducing the benefits on offer to cardholders….
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