Transaction Fees for your most common credit card transactions aren't changing, but fees for the following less frequently used transactions are increasing
* ATM Cash Advances
* Over the Counter (OTC) Cash Advances
* Wire Transfer Purchases
* Cash Equivalents
* Same-Day Online Cash Advances
The fee for these transactions will be 5% of the transaction amount or a minimum of $10 when the transaction amount is less than $200.
Why? I don't use any of those. I used my card eight times over the past five years and always paid in full by the statement's payment deadline. Is it because I bought a car? My credit union credit card hasn't (yet) given notice it'll change its terms and conditions, but this national bank did.
The only thing I can think of that I did wrong was get a credit card with this issuer sixteen years ago. Did anyone else get this message too?
The card issuer keeps changing its terms and conditions, and minimizing any rewards, to penalize me for using the credit card. I wonder why.
Are Terms & Conditions changes ever due to credit card usage?
September 17th, 2013 at 01:27 am
September 17th, 2013 at 03:04 am 1379387066
September 17th, 2013 at 03:20 am 1379388031
I believe it's the same Tapeworm who, according to a May 2012 Consumerist article, terminated a man's credit card account because he took advantage of their 0% balance transfer offer and paid it off before the offer expired.
September 17th, 2013 at 10:50 pm 1379458233
Banco de Tapeworm. I kinda like that. Or is it JP Tapeworm?
September 17th, 2013 at 11:53 pm 1379462034
Yeah, this po' immigrant can never understand the concept of "keep building your credit history, so your credit card issuer can mess around with your grace periods and terms and conditions and make terms worse for you than they were when your credit rating was new and closer to zero." I'll look at my kid's American History textbooks to see how that notion built the country.