There are concerns that a rising number of credit card firms could start introducing annual or monthly fees for their credit card customers in order to make up for lost revenue resulting from government and regulatory crackdowns.
Tags: annual fees, credit card fees, credit card charges
Industry officials have stated recently that an increasing number of credit card holders in the UK may be forced to pay annual fees on their credit cards, as credit card providers try to make up for losses caused by credit card crackdowns by recouping money through other means, such as applying annual fees and charges. [...]
With the government clamp down on the credit card industry in the last months, credit card companies are poised to charge an annual fee for the cards in order to recoup some of the losses that they have incurred.
Tags: Credit Cards, credit card annual fee, annual fees
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