BUSINESS

Holiday Surprise: More Credit Card Fees

01/05/2009 05:12 am ET | Updated May 25, 2011

Reaching for the plastic to pay for holiday presents this season? Expect to find a few surprises in your statement next month.

Credit card issuers, struggling with falling profits and rising loan losses, are jacking up interest rates and adding fees, not to mention cutting back on credit lines just in time for the busy gift giving season. This coincides with rising joblessness and uncertain economic times that are making consumers feel a little anxious, if not a little desperate.

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