Tuesday, February 2, 2010

Credit Card Fees - 5 points

Merchants have been burdened with interchange fees that are set rates.  The consumers, pay through a higher price and are receiving the convenience of paying without carrying cash. The following are 5 points a consumer should know about credit cards:
  1. The fee pays for convenience
  2. You're not necessarily paying the fee - merchants are
  3. Interchange fees tend to be lower in other countries
  4. Fees on rewards cards tend to be higher
  5. The pending legislation could raise your fees
“There is only one ethics, one set of rules of morality, one code: That of individual behavior in which the same rules apply to everyone alike.” ~ Peter Drucker
Read more @ U.S. News

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