Do you think credit card companies do have hidden charges?

Answer 1

There's no doubt they do.

It's bad enough that there is the stuff in the "small print" - but then there are the things that not only are difficult for the average person to understand, they are next to impossible for *anyone* to understand.

For example I defy anyone to explain exactly how one can determine what the foreign exchange rate is when they use their MasterCard overseas... and they pay in a foreign currency... what is the charge going to be exactly in American dollars?

Not to mention that credit card providers can change terms for you with just 15 days notice, and your only options are to accept or close the card.

Answer 2

i wouldnt call them hidden, but the credit card companies know "we" don't read all the fine print. i really dont believe the Card companies have meetings with "let's sucker the client" agendas but fees are a source of revenue and companies are in the business of making money so...u do the math. you've just go to understand what ur getting into, card can be VERY helpful when used correctly!

Answer 3

They aren't hidden, per se. They are in microscopic print sometimes, but they're there. And they can always change their rules, at any time, for any reason.

The single worst piece of crap concept on earth is the company that sends you a credit card, then a couple months later, if your scores went down (probably because you took their damn card!!!), they can jack up your rate on you, and you can't do squat about it.

Many of these guys should be in prison.

Answer 4

NO: The charges are not hidden. It is as clear as day right in the fine print. MOST OF US DO NOT READ THE FINE PRINT.

Answer 5

Yes, always read the fine prints.

Answer 6

Its illegal for them to have hidden charges, all charges are written in small prints.
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