Visa and Mastercard Raising Credit Card Fees? Another Reason to Pay Down Debt Now

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Credit card interest rates are projected to increase this year. 


Peter Dazeley/Getty Images

Using your credit card is about to become more expensive — not only because interest rates are expected to increase. Companies may also start passing higher costs for credit card transactions onto customers.

Visa and Mastercard are preparing to raise credit card interchange fees…

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