MSE News: Doubts cast over credit card fee hike prediction

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"Credit card providers are set to hike their interest rates and introduce more annual fees as they battle to survive, an industry report claims today ..."

Read the full story:
Doubts cast over credit card fee hike prediction

wizk1

If my existing card providers introduce an annual fee for their cards, I'll simply close my accounts. Lets see them make money from me when I relinquish all of my business with them.

Cell

Is this story not linked, very closely really, with this thread?

http://forums.moneysavingexpert.com/showthread.html?p=26711891&posted=1#post26711891

It seems to be two sides of the same coin?

oakhouse13

PCW was asked in interview why it produced this report and it didn't really have an answer. It said something like we just produced it every year because we want to, nobody pays it to produce the report. PCW seems to fault consumers for carrying large balances they cannot afford to pay off, rather than selling techniques so it must also think the US and UK governments are wrong to make the thrust of their legislation on credit cards greater transparency and more consumer protection.

Moriss

Nice sharing...