{"id":10818,"date":"2016-07-13T07:06:32","date_gmt":"2016-07-13T07:06:32","guid":{"rendered":"https:\/\/multicredit.ch\/wp\/augmentation-des-frais-des-cartes-de-credit\/"},"modified":"2020-04-06T12:55:43","modified_gmt":"2020-04-06T12:55:43","slug":"augmentation-des-frais-des-cartes-de-credit","status":"publish","type":"post","link":"https:\/\/multicredit.ch\/en\/augmentation-des-frais-des-cartes-de-credit\/","title":{"rendered":"Increase of credit card fees"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"Decrease_of_interest_rates\"><\/span>Decrease of interest rates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As a reminder, the maximum interest rate for loans and credit cards has decreased from July 2016. While the old maximum rate was 15%, it is now 10% for personal loans, and <b>12% for credit cards<\/b>. This interest rate applies to all unpaid &#8211; or partially paid &#8211; credit card balance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Compensate_for_losses_linked_to_the_new_rate\"><\/span>Compensate for losses linked to the new rate<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For the credit cards providers, this new rate leads to a shortfall. The main of fees increase is <b>to compensate for those losses<\/b>. If each provider offers different ranges of products, a study by <a href=\"http:\/\/www.moneyland.ch\" target=\"new\" rel=\"nofollow noopener noreferrer\">moneyland.ch<\/a> shows that the following fees increased in a significant way:<\/p>\n<ul>\n<li><b>Invoicing costs<\/b>: up to 1,50 and 2 CHF for each printed invoice.<\/li>\n<li><b>Exchange costs<\/b>: which apply to each purchase in foreign currency.<\/li>\n<li><b>Withdrawal charges<\/b>: which apply to each money withdrawal from a cash dispenser.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_minimise_costs\"><\/span>How to minimise costs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are two solutions to minimise credit cards costs: limit fees and limit the interest paid. In order to lower the paid interest, you should avoid partial payments. If it is not possible to pay a full bill, and if you consider a repayment over a number of months, then you should also consider a <a href=\"http:\/\/www.multicredit.ch\/en\/debt-consolidation\/\" target=\"new\" rel=\"noopener noreferrer\">debt consolidation loan<\/a>. Indeed, this solution will allow you to pay less interest on the amount you owe.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent study published by moneyland.ch points out that most of credit card providers increased fees for Visa and Mastercard. Why such an increase? What cost for consumers? Explanation.<\/p>\n","protected":false},"author":4,"featured_media":10808,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[264,257,263],"tags":[322,446,447,259,448,449,450,451],"class_list":["post-10818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-card","category-credit-repurchase","category-news-en","tag-carte-en","tag-cartes-en","tag-couts-en","tag-credit-en","tag-frais-en","tag-mastercard-en","tag-rachat-en","tag-visa-en"],"_links":{"self":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/comments?post=10818"}],"version-history":[{"count":1,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10818\/revisions"}],"predecessor-version":[{"id":10825,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10818\/revisions\/10825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media\/10808"}],"wp:attachment":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media?parent=10818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/categories?post=10818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/tags?post=10818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}