Credit card giant American Express has increased credit card charges by £2, taking the company to its limit as recommended by the Office of Fair Trading.
American Express provider a massive range of credit cards all over the world, including Nectar credit cards . Customers who miss a payment could be charged £12, with a similar fee for exceeding credit card limit .
The rate rise is the second this year. A spokesperson for the company reportedly commented: "These increases reflect a rise in our administration costs associated with handling accounts in default . Our fees are in line with recommendations made by the OFT [Office of Fair Trading] in April 2006."
Credit card provider increases charges
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Credit card provider increases charges
Tue, 09 Sep 2008
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