As if we even needed another reason to do so? This adds insult to injury with their recent jacked-up interest rates, AND especially after "We The People" just bailed them out....lota thanks we're getting right?? Folks it's time to show these sharks the door and tell them that you don't care if the proverbial door hit's them in the arse on their way out!
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Did you pay your bills on time this month? Avoided taking on unnecessary debt? Well, there's a fee for that.
Anticipating the implementation of the Credit Card Accountability, Responsibility and Disclosure Act in February of next year, big banks are stepping up their aggressive treatment of those who hold cards that may be deemed too generous, or those who are studious in making payments.
Specifically, if a customer receives significant benefits from their credit card -- like frequent flier miles or other incentives -- but still manages to pay off their balance at the end of every month, their likelihood of being charged extra is going up.
"Starting next year, Bank of America will charge a small number of customers an annual fee, ranging from $29 to $99," USA Today reported. "The bank has characterized the fee as experimental. But card holders who have never carried a balance or paid late fees could be among those affected."
Additionally, Citibank introduced a new fee in August targeting customers who do not charge over $2,400 in a year. For not leaning on debt, account holders could be charged up to $90. The bank is also handing skyrocketing rates to customers ahead of the new credit card regulations -- including customers who have never carried balances month to month.
http://rawstory.com/2009/10/big-banks-aim-fees-avoid-debt-pay-bills-time/
16 hours ago
