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Credit Cards Still Have Too Many Fees

August 11, 2017

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The average credit card has six attached fees, despite the increasing consumer preference for no fees at all.

This is according to a study by CreditCards.com released yesterday conducted by Harris Poll, which surveyed 100 general-purpose credit cards. These cards charge a combined 591 fees, with the most common being late payment and cash advance fees (99 and 98 cards charge for these, respectively).

The least-popular fee for credit cards to charge users was the over-limit fee, with only 4 out of the 100 cards surveyed charging for that service.

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