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CreditCardFees

We Americans can't live without our credit cards -- but there are a few varieties of plastic that should be kept out of consumers' wallets. Here's CardRatings list of the five Worst Credit Cards of 2011 (plus one that you might want to reconsider).
Sometimes it pays to wait; sometimes it doesn't. Just ask the roughly 10 million cardholders who were part of the Foreign Currency Conversion Fee Antitrust class action lawsuit settlement. After a decade of legal wrangling, the settlement funds are finally being disbursed -- but a suit this large can dilute even $336 million.
It appears that complaints from consumers and regulators about the lack of credit card transparency at banks have not fallen on deaf ears. According to CardHub.com's 2011 Credit Card Application Study, the 10 biggest issuers of plastic have significantly improved transparency this year.
During the battle over Credit CARD Act, much talk focused on what the legislation would -- and wouldn't -- do. A year after the law rolled out, what's the word now? Here's an on-the-ground look at how card issuers and consumers are adapting to the new landscape.
Perhaps no area of life affects undergraduate students more than credit. In this article, Money College writer Peter Sachs offers seven essential tips; please check out Money College's Katie Drews' insights into credit and college here. What better way to take advantage of your new-found...
Last week, Citibank began issuing letters informing some cardholders that as of April 1, 2010, a $60 annual fee will be applied to accounts. The company didn't return my call for comment, but it has widely been reported that accounts were selected based on customer history and payment performance,...
It's no secret that the finance industry isn't really a fan of the new credit card reform rules, aka the CARD Act. On Wednesday, the American Bankers Association (ABA) hosted a conference call with two of its execs to talk about the new legislation. Although Kenneth Clayton, senior vice president...
Just when you thought new legislation meant plastic was safe. Credit card companies are finding loopholes in the new Credit Card Act of May 2009. Their motive: Making up for lost revenue and side-steeping the reform. The first part of the law rolled into effect in August, and required banks to...
If you want to see a consumer financial protection agency, now is the time to let your Congressman know how important that protection will be for you. I've seen many comments on WalletPop about how abusive credit card and mortgage practices have hurt people's financial position. Most of those...
Credit card companies need to find some way to keep their good customers or attract new ones -- those who actually pay their bills on time. They used to be called "deadbeats" inside credit card companies, because there wasn't as much profit to be made from someone who paid off their card each...

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