There are over 600 million credit cards held by U.S. consumers and the average credit card debt per household averages about $16,000 according to CreditCards.com. Just because your card company offers you a $5,000 limit, doesn’t mean that you have to come close or exceed this amount.
If you use your credit card overseas, you know what it feels like to be taken to the cleaners. Many tack on as much as 3% on every transaction. Others have a fixed fee every time you use the card overseas or hit the ATM. If you spend $5,000 while you’re on vacation, these credit card costs could rack up several hundred dollars in extra costs. Mon Dieu!
“Dubious and complex” charges for overseas cash withdrawals mean that consumers are losing out, with the charging structures applied to cards often “layered on top of one another”.
The accusations come from Consumer Focus, which has taken up the cause and issued a super-complaint to the Office of Fair Trading (OFT) regarding the amount consumers pay for holiday money.
Passengers stranded for hours when flood waters overtook a Richmond Hill GO train Monday evening will each get a $100 GO credit for their troubles.
GO Transit will upload $100 to the PRESTO cards of affected riders to cover out-of-pocket expenses like dry cleaning, the company said in a statement. The credit should be uploaded to the cards by Friday.
“We understand how difficult and uncomfortable the experience was for riders on our 5:30 p.m. Richmond Hill train on Monday night,” the statement says.
Whether you?re celebrating spring break as an actual student, or you?re young in spirit, we can suggest six of the best credit card cards to help keep you from losing your shirt. At least, a shirt you don?t want to lose... Best credit card for spreading out spring break travel costs If you?ve already splurged ...
John Ulzheimer has 13 credit cards, but he's never paid a cent in interest, his credit score stays above 800, and he's never dug his way out of consumer debt. That's because he knows exactly what he's doing.
OTTAWA — The federal Opposition on Monday called on the Harper government to stop credit card companies from charging businesses higher fees for using premium cards.
The call came as a federal competition tribunal prepared to rule on whether Visa and MasterCard are engaging in anti-competitive behaviour.
Small business groups hope the tribunal will recommend that Ottawa forbid the major credit card companies from forcing retailers to accept cards that carry higher payment processing fees.