New Credit Card Fees in Effect
By: Michael C. Fehn
Updated: January 28, 2013
The next time you're checking out, you might want to think twice about choosing the credit option.
A settlement between Visa, Mastercard and nine banks, is allowing stores to pass on the fees the credit issuers make them pay. That means you could be charged anywhere between one and four percent more on your credit purchases. However, experts say the number of stores participating will likely be small at first.
The fees won't apply to debit transactions.
A settlement between Visa, Mastercard and nine banks, is allowing stores to pass on the fees the credit issuers make them pay. That means you could be charged anywhere between one and four percent more on your credit purchases. However, experts say the number of stores participating will likely be small at first.
The fees won't apply to debit transactions.
