According to Spain's central bank, Banco de España, banks and building societies have raised the costs we pay for our debit, or cash, cards by 7.9% so far this year, while credit card costs have increased by 6.56%.The cost of a debit card is now averaging €16.66 per year and that of maintaining a credit card is €33.30. These commissions do not include interest rates paid. The increase is even higher when compared to costs of September last year. Debit cards then cost €14.57 and credit cards €30.48, an annual increase of 14.34% and 9.25% in a year. Average maintenance charges are now the highest in four years, when cash cards cost €10.66 and credit cards €22.44 in 2005.
Tuesday, 6 October 2009
Bank card commissions up since January
According to Spain's central bank, Banco de España, banks and building societies have raised the costs we pay for our debit, or cash, cards by 7.9% so far this year, while credit card costs have increased by 6.56%.The cost of a debit card is now averaging €16.66 per year and that of maintaining a credit card is €33.30. These commissions do not include interest rates paid. The increase is even higher when compared to costs of September last year. Debit cards then cost €14.57 and credit cards €30.48, an annual increase of 14.34% and 9.25% in a year. Average maintenance charges are now the highest in four years, when cash cards cost €10.66 and credit cards €22.44 in 2005.
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