A survey by financial site Money Supermarket has estimated that one in four credit card customers have had to pay at least one penalty fee over the last twelve months.

Even after the OFT ruling that such fees were ‘disproportionately high’ and subsequently capped at £12, the UK credit card industry is said to rake in £230m a year by charging for missed or late payments.

This entry was posted on Wednesday, July 25th, 2007 at 3:20 pm and is filed under Fees and Charges. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.