Other News Releases in Computer Electronics
Longtop Financial Technologies Limited Announces Closing of Follow-on Public Offering and Underwriters' Exercise of Over-Allotment Option
Dave Johnson Resigns as IGT Executive Vice President and General Counsel
SAP Research Aims to Accelerate 'Internet of Services'
Other News Releases in Religion
Manmohan Singh -- Visiting Indian Premier Whose Government Has Refused to Prosecute the Perpetrators of November 1984 Genocide of Sikhs, Says Sikhs for Justice
Former World Vision Sponsored Child Named CNN Hero of the Year
Gateways' Russian American Jewish Experience (RAJE) Newly Top-Rated Jewish Nonprofit on GuideStar
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
See more news releases in: Computer Electronics, Social Media, Web Site, Banking & Financial Services, Religion
3 New Fees From Credit Card Companies Punishing Their Best Customers
Many of the major credit card companies are charging new fees, aimed at the customers who pay all their bills on time!
ST. LOUIS, Oct. 30 /PRNewswire/ -- Financial blog, ChristianPF.com released an article discussing three of the new credit card fees that some credit card companies are implementing. Due to the new regulations coming into effect in early 2010, the credit card companies are looking for new ways to replace some revenue that will likely be lost. If you pay all your bills on time or never use your card, they might be coming after you!
A few of the fees that have been talked about so far are...
1. Annual fees for customers who never have had a late payment. Apparently, some are charging a $29-$99 annual fee for customers WITHOUT any late payments in a 12-month period.
2. Fees for customers who have never carried a balance on their card.
3. Fees for not using the card enough each year. Some card companies are requiring $2400 to be spent annually. If the minimum isn't met, they will charge a fee.
The discussion becomes interesting when you consider that many people keep their credit cards open, solely to maintain a high credit score. It is common knowledge that keeping long-running accounts open is beneficial for credit scoring. Now it looks like some customers may have to pay annual fees just to maintain the highest possible credit score.
Read the full article: http://www.christianpf.com/new-credit-card-fees/
SOURCE ChristianPF.com