2011 Credit Card Fees Survey
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2011 Credit Card Fees survey results

2011 Credit Card Fees Survey » Results

Two years have gone by since the passage of legislation that became known as the Credit CARD Act. The Credit Card Accountability, Responsibility and Disclosure Act of 2009 limited or outlawed many fees imposed by credit card issuers, including a ban on inactivity fees and restrictions on penalty fees.

The rules apply to regular credit cards and secured cards, which require a collateral deposit in case of default.

Not every fee was limited or banned by the law, however. Secured cards also come with upfront fees that many unsecured cards typically don't charge, such as application and annual fees.

To give consumers a better idea of the fees charged in today's credit card marketplace, Bankrate.com surveyed the basic cards offered by the 50 largest credit card issuers. We gathered data on key fees, ranging from annual fees and penalty fees to currency conversion fees. Most of the cards were also included in our 2010 survey.

You can search for credit cards by issuer, card type or credit level at Bankrate.com.

Card nameAnnual feeApplication feeMinimum deposit
AmeriCU Secured Visa$0$0$500
Bank of America BankAmericard Visa Fully Secured Card$39$0$300
BBVA Compass Optimizer$40$0$500
Capital One Secured MasterCard$29$0$49 to $200
Citi Secured MasterCard$29$0$200
Digital FCU Secured Visa$0$0$500
Fifth Third Bank Secured MasterCard$24$0$300
GTE FCU Visa Secured$0$0$500
Navy FCU nRewards Secured$0$0$500
Redstone FCU Share Secured Visa Classic$0$0$250
San Diego FCU Share Secured Visa Classic Card$20$0$500
Suncoast Schools FCU Rewards Share Secured Visa$0$0$500
The Golden 1 CU Secured Visa$0$0$250
U.S. Bank Secured Visa$35$0$300
Wells Fargo Secured Card$18$0$300

Bankrate.com surveyed the 50 largest credit card issuers for classic/standard, gold and platinum cards. For secured credit cards, Bankrate.com also surveyed the 50 largest credit card issuers, displaying only one card per issuer that offered secured cards. The survey was conducted from April 14 to May 2, 2011.

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Product Rate Change Last week
Balance Transfer Cards 15.71%  0.02 15.69%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
 
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