The State of Credit Card Fees 2022
Mar 1, 2022 by Kelsey Banerjee
Back in 2020, Visa announced its biggest interchange rate update in 10 years. But due to the pandemic, these sweeping changes, which would include fee restructuring, were postponed due to COVID. When the time came to implement the new interchange fee in 2021, it was delayed again - and again, the pandemic was the culprit. This credit card giant isn't alone. Mastercard also delayed its regular interchange fee update until 2021.
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