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A Peek At Our Future
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The credit card nightmare in America is just beginning, if Australia is any indication: After the government there ordered merchant fees to banks cut in half, the card issuers found a way to make even more money... by slamming consumers with new fees and other changes designed purely to take more money from everyone. Annual fees? Shorter grace periods? Surcharges that seem to be based on nothing? Yup. And merchants are piling on with stuff like a surcharge to use your card to buy stuff or even pay for a hotel room, as if there's another choice when you're traveling. It's insane, and they do it because... they can.
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