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In recent years, credit card companies have raised the fees they charge for late payments and for being over the credit limit, and have even shortened the time period before late fees are incurred. These fees also raise the interest that must be paid.
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We'll send your vote to the American Bankers Association.
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Customers are made aware of all charges and penalties they will be subjected to when they sign up for their credit cards. Many cards also offer more benefits than ever before; including air miles, insurance protection and online payment.
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