May
09
Despite forecasts that the implementation of the new Credit CARD Act might lead to rising credit card fees, a newly released study by Bankrate indicates that credit card fees so far are staying at levels close to those of last year.
The Bankrate credit card study examined the terms of 73 cards from 50 of the largest card issuers (40 credit cards from banks and 33 from credit unions). Overall, the study showed that the many basic credit cards have maintained low- or no-fee policies in the majority of areas.