It may come as a suprise to a lot of people but the banks and credit card providers are starting to talk about reintroducing annual fees on credit cards.
This follows on from the OFT insisting they charge fair penalty fees for people who go over their limits or fail to make their monthly payments.
Rather than absorbing the cost the banks are greedily looking arouind to find other ways to help add to their overflowing coffers.
Several have already increased interest rates to help them cover the cost of their home improvements and new cars, houses, Yachts and expensive jewellery.
Wives have to be kept happy after all. No matter that the poor working bloke suffers.
So, yet more reasons to take control of your financial life. Reduce your credit card debt and deny these wealthy people their luxurious lifestyle.

Money Magic: Seven Simple Steps to True Financial Freedom (Quick Reads)

Related posts:

  1. Credit Cards The Hitman In Your Wallet
  2. Contactless Credit Cards
  3. Credit Cards, Drugs And Alcohol
  4. How Your Spending Power Is Reduced By Credit Cards
  5. Credit Cards Restricting Transfer Deals

Filed under: General

Like this post? Subscribe to my RSS feed and get loads more!