July 17th, 2010

Wall Street Journal Cites LowCards.com

Ferreting Out Those Hidden Fees

Just a couple of years ago, consumers paid a fee of 3% of a cash advance, or a minimum of $5. Now that fee is commonly 4% or 5%, and the minimum is often $10, according to LowCards.com. In addition, annual interest rates for cash advances have climbed in the past year to roughly 25% from the low 20% range.