TITLE

Inactivity Charges Making Comeback

PUB. DATE
December 2009
SOURCE
American Banker;12/2/2009, Vol. 174 Issue 215, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the implementation of credit card inactivity fees by credit card companies as a result of industry financial losses. The article reports that credit card issuers Bank of America Corp. and Citigroup Inc. have initiated annual charges for inactivity on some cards. A Bank of America spokesperson notes that the fee is based on type of credit card and benefits provided to the customer.
ACCESSION #
45578730

 

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