If you hate extortion-level late fees and interest on credit card balances the way I do, you probably pay off your balance each month. Occasionally, an overly exuberant schedule or a senior moment can lead to a late credit card payment. Then, you might get a phone call from your credit card company or simply receive the next month's statement with ridiculously high penalties. If you usually do a good job of managing your credit cards, there's an excellent chance you won't have to pay those fees--even if you run a balance.
Continue reading Who Says Credit Card Companies Are Heartless?.
