/24-7PressRelease/ - LONDON, UK, November 07, 2007 - The use of credit cards has become more taxing now. Withdrawing cash from your credit card will cost you more. Many credit card companies, banks and building societies have raised their fees for using the credit cards. According to Data analyst Moneyfacts, the main changes include a big rise in fees for withdrawing cash, rises in cash interest rates and increased commission on foreign use and hike in balance transfer fees.
The massive 31 different fee hikes could cost millions to the consumers. Alliance & Leicester has raised its cash fee from 2.25 per cent to 3 per cent of the amount withdrawn. It means that a 500 withdrawal will now cost 15. As far as foreign transactions are concerned, the AA, Amazon, Bank of Scotland and Britannia Building Society have all raised the commission from 2.75 per cent to 2.95 per cent.
So, if you are looking for an easy borrowing with no security to give, unsecured loans can be a good alternative. The rate of interest in this case is also not as high as in case of plastic cards.For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit http://www.loans-park.co.uk/
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