Consumers know a lot about credit card fees. There are late fees, over-the-limit fees, balance-transfer fees, cash-advance fees and who knows how many other fees that credit card companies charge just because they can. And all come on top of monthly interest charges.But there’s another credit card fee most consumers don’t know about, and it’s larger than all the rest: credit card interchange fees.Interchange is a percentage of each transaction that Visa and MasterCard banks collect from a ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!