Do you know how much money you would be able to save if you were more aware of the many ways companies sneak in charges that basically have no business being there? Most companies are loathe to announce these hidden charges in your bills because they know that the general public (their clients) will not be receptive and since they are charging you for doing nothing, you can bet you and everyone else will take umbrage.
Below are several ways companies sneak in fees without you noticing, starting with the credit card companies followed by mobile carriers and then budget airlines.
#1 – Raising Interest Rates
Raising your interest fees unexpectedly – when you sign up for a credit card, you know what the interest rate is and what the fees are, right? But did you know that in most terms of service for credit cards, companies reserve the right to increase your interest rate anytime they see fit. They use all sorts of information to determine how much the increase should be. This means that if you delay payment for card A for a few months, card B will raise your interest rates and fees. Basically, they are looking for any excuse to raise your interest rate, so be on your toes about this.