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Are skyrocketing interest rates and fees on credit cards affecting how you use them? | Chatterbox
 

Home > Blogs > Chatterbox > Archives > 2009 > November > 15 > Entry

Are skyrocketing interest rates and fees on credit cards affecting how you use them?

Banks are hiking interest rates and adding fees for credit cards. Is this affecting the way you use credit cards?

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GEORGE KELLAR

GEORGE KELLAR, Springboro: “They need me more than I need them. If they pull that on me, I’ll send the cards back. I don’t need the aggravation.”

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JUSTIN ADAMS

JUSTIN ADAMS, Centerville: “Yes. We are totally cutting back on our credit cards. As soon as we finish buying a house, we’re just going to cancel most of them.”

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JESSICA MYERS

JESSICA MYERS, Huber Heights: “No, because I’m in debt. I still need to use those cards. I think the fees should just go away. People are struggling severely right now.”

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FAITH ROLFES

FAITH ROLFES, Englewood: “Yes. We’ve been trying to go strictly on cash and not using credit cards at all.”

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KIM PETRONI

KIM PETRONI, Springboro: “No. We don’t use our credit cards.”

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HEATHER BAUER

HEATHER BAUER, Centerville: “No. I never carry a balance.”

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DAVE BLAIR

DAVE BLAIR, West Carrollton: “No, because I don’t pay interest on my credit-card use. I pay it off every month.”

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TRACI HAMILTON

TRACI HAMILTON, Huber Heights: “No, because my bank hasn’t hiked them up. But I’ve noticed some of my friends have had that happen to them. They’ve stopped using credit cards.”

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