You floss regularly, yield to oncoming traffic and use your credit cards judiciously, dutifully paying off your balance every month.
You may believe that your exemplary behavior shields you from unexpected credit card fees. Sadly, that is no longer the case.
Starting next year, Bank of America will charge a small number of customers an annual fee, ranging from $29 to $99. The bank has characterized the fee as experimental. But card holders who have never carried a balance or paid late fees could be among those affected.
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April 21st, 2010 at 7:41 am
All these new fees are the markets response to all the new regulations and restrictions being put in place by the government. It only makes sense that the banks would try and recoup the losses that new legislation would produce. They are responsible to their shareholders to make money, and that is what they are doing.
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