Credit Card Industry ‘Triple Dipping’ on Growing Fees

The last time you bought coffee or a pair of jeans, how did you pay?

Recently, we’ve seen lots of reports about how premium credit cards have become more expensive for consumers because of increased annual fees. But that’s just the half — or even a third — of it.

Most people are looking for the easiest, most convenient way to make purchases, and for some that means moving away from cash. For the first time, electronic payments have recently surpassed cash as the most-common payment method.

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