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Credit card fees are rising.
(From CBS Marketwatch (Stories))
NEW YORK (CBS.MW) -- Credit-card companies have recently raised their fees and cut their grace periods, pushing the potential costs of misusing a card higher.
With interest rates at historic lows and few credit-card companies charging annual fees, companies are bringing in more and more revenue from fees levied on those who exceed their balances or don't pay on time. Fees now account for 39 percent of the credit-card companies' income, up from 28 percent in 2000, The Wall Street Journal reported.
You can avoid these fees by using your card according to the rules, but be aware that ...
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