Credit Card Co.s New Cash Cow: Fees

[jeffrey]

Credit card fees are escalating, and it's no longer just a problem for habitual deadbeats. Shrinking billing cycles and stricter payment deadlines mean even conscientious bill payers are being penalized.

The result: Last year the industry took in $43 billion in fee income, up from $39 billion in 2002, according to R.K. Hammer Investment Bankers. Fees accounted for 35% of industry income last year, up from 18% six years ago... [read more at usatoday.com]

To keep your credit card fees to a minimum, read the SavingAdvice.com article Reducing Credit Card Fees