First Union late charges
(3/97)
The press releases
for First Union
don't mention it, but effective 4/1/97, they have raised late payment, over-limit,
and other fees on their
Visa and MasterCards by 45%.
In just 16 months, from 12/1/95 to 4/1/97, First Union raised these
fees by 60%.
So much for passing the savings from bank consolidations on to consumers.
First USA Bank
(aka Bank One)
Scheme to increase fee and interest income backfires.
NationsBank raised many of its checking account fees about a year ago...
now that they've discovered such increases irk some of their customers,
they claim to be doing penance by eliminating one fee while making
other changes to their fee structure.
But reading between the lines may cause you to doubt their sincerity
of their announcement.
Credicorp "Gold Card"
Credicorp sends out notices that give the impression they're
offering a bank credit card, and if you don't send in your money,
you'll lose your eligibility!
Check this on the Cagey Consumer Credicorp Twiki page.
Diners Club emergency evacuation insurance (3/97)
Diners Club offers its cardholders a new benefit... if you can call
paying too much money for too little insurance a benefit.
(Worth) [Wayback archive]
Customer Service Reps follow tough rules about waiving late fees on GM cards.
Outrageous Bank Fees Ripoff
(Pathfinder, 8/1995) [Wayback Archive]
Service fees have become a major bottom line item for the banking industry.
Consumer Credit Bibliography
(Kansas ElderLaw Network, 5/1999)
Contains links to laws that apply to consumer credit as well
as articles on abusive credit practices and wise use of credit.
Clicks on green links support the Cagey Consumer web site.
