Credit card companies now charging extra fees for paper statements

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Credit card companies from big name retailers have been silently rolling out a fee of $1.99 if you wish to keep receiving paper statements.

A new push to move credit card users to a digital statement will now come with a penalty for those who don’t want to comply. One of the biggest offenders is Synchrony Bank, and they have co-branded and store-affiliated credit cards with over 100 cards in their lineup, which include Sam's Club® Credit Card, the Lowe's Store Card, and the Amazon Store Card.

94," said Galowitsch. The couple has a number of credit cards and receive statements to help with organization. 'If I'm not here, the payments are going to be late because Mark's not going to know what to do. With paper statements, everything is written down for him,' she noted. Other concerns come with users who are not technologically savvy. Business professor Elaine Luther from Point Park University says online banking can pose a threat to security.

 

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