Convenience Stores Fighting 'Unfair Credit Card Fees'

Convenience stores in Oklahoma City are fighting what they call "unfair credit card fees."<BR><BR><A href="http://www.unfaircreditcardfees.com/" target=_blank>Learn more about the "unfair credit card fees" petition.</A>

Wednesday, August 19th 2009, 9:34 pm

By: News 9


By Rusty Surette, NEWS 9

OKLAHOMA CITY -- Convenience stores in Oklahoma City are fighting what they call "unfair credit card fees."

Circle K stores across the nation are asking customers to sign a petition that will be handed over to U.S. lawmakers who are looking at legislation that will help limit or eliminate these fees.

Every time a consumer uses a credit card, the business is hit with a fee by the credit card company. Those costs are then passed on to the consumer through the prices of the products sold.

"One fee is a fixed fee for every transaction that's made. The other is a percentage fee and that depends on the dollar amount of that transaction," said Lynda Gromek, the retail operations director of Circle K stores in Oklahoma.

Gromek said these fees cost Americans a total of $48 billion a year, which is more than credit card annual fees, cash advance fees, over-the-limit fees and late fees combined.

Circle K expects to deliver nearly three-quarters of a million signatures to Congress after the petition drive concludes on Labor Day.

Learn more about the "unfair credit card fees" petition.

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