Following yesterday’s conference with credit card executives, Jeffrey Weber, your humble blogger, was quoted in the Christian Science Monitor. I’d like to thank the author, Ron Scherer, for his thorough story and particularly for being among the first writers to bring the rise of balance transfer fees to a national audience.
To read the complete article, please follow the link below.
http://features.csmonitor.com/economyrebuild/2009/04/23/obama-seeks-to-protect-credit-card-users/
Related Posts
- Balance Transfer Fee Report Update – July 28
Beginning tomorrow, Citibank will be increasing the balance transfer fee on its flagship Citi Platinum Card as well as the Citi Diamond Preferred credit card. In June, the balance transfer fee for both of these cards was a low 3%. In early July, Citi increased the balance transfer fee on the Citi Platinum Card to [...]...
- Take Advantage of the Longest 0% Balance Transfers to Reduce Debt
A year ago, the longest 0% balance transfer offers lasted 12 months and many credit card companies were only offering 0% deals for 6 or 9 months. Today, there are two credit cards that offer a 0% APR on balance transfers for 15 months and one that offers a 0% APR for 18 months. These are among [...]...
- Reduce Credit Card Debt with Balance Transfers
If you want to reduce credit card debt without paying a fortune in interest, 0% balance transfer credit cards can be an extremely helpful tool. With a 0% balance transfer, you pay a small transaction fee and no interest for the length of the 0% interest period. With current balance transfer offers lasting up to 18 [...]...
- Citibank Raises Credit Card Cash Advance Fees
Citibank recently raised the fee it charges credit card users for cash advance transactions to 5% with a minimum fee of $10. This move is not surprising, as banks have been raising cash advance and balance transfer fees since the start of the Great Recession. The 1 percentage point increase by Citibank puts its cash advance [...]...
