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.