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News@lemmy.world · 1 year ago

Credit card users paid $130 billion in fees, interest in 2022, federal watchdog says

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Credit card users paid $130 billion in fees, interest in 2022, federal watchdog says

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News@lemmy.world · 1 year ago

Americans paid $130 billion in credit card interest and fees in 2022, according to a new report. Here are three strategies to help limit those charges.

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Poem_for_your_sprog@lemmy.world
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1 year ago
I got $400 in cash back.

I guess all the businesses I used the card at had to pay fees though.
- BeMoreCareful@lemdro.id
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  1 year ago
  I think this is specifically talking about users.
  
  I bet businesses pay a lot more that 130 billion at 3% per transaction.
  - Sir_Kevin@lemmy.dbzer0.com
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    1 year ago
    They have to pay annual fees as well. That’s several thousands right there.

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