Credit cards

Expensive credit card: Now using credit cards will also be expensive, know what fees will increase

Using credit cards is also going to be expensive now. You must know this news because it will directly affect your pocket. In fact, Visa and Mastercard will increase their fees and this will directly affect merchants. With increased Visa and Mastercard fees, the impact will be felt by millions of credit card holders nationwide.

These costs will increase. Visa and Mastercard are preparing to increase the fees merchants pay for using credit cards.

Due to the Corona epidemic, the fee increase has been postponed for the past 2 years due to the Corona epidemic, credit card companies were postponing their fee increase, but now the situation seems to be under control, after which credit card companies are now postponing their rate increases. do not want to.

Traders will have to pay more due to increased trading costs

With the increase in interchange fees for customers, merchants will have to pay their payments, which are decided by the card network.

There will be an increase from next month
Now the question arises as to when will card companies increase their fees and from when will their effects be visible. The answer is that credit card fees are going to increase from April and according to the media, they may be increased at the beginning of April itself.