Late Payments Costly for Credit Cardholders To attract customers, credit card companies are cutting interest rates and doing away with annual fees. Many card companies have found a way to make up for that lost revenue by aggressively penalizing customers who miss payment deadlines. NPR's Jim Zarroli reports.
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Late Payments Costly for Credit Cardholders

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Late Payments Costly for Credit Cardholders

Late Payments Costly for Credit Cardholders

Late Payments Costly for Credit Cardholders

  • Download
  • <iframe src="https://www.npr.org/player/embed/3814801/3814802" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

To attract customers, credit card companies are cutting interest rates and doing away with annual fees. Many card companies have found a way to make up for that lost revenue by aggressively penalizing customers who miss payment deadlines. NPR's Jim Zarroli reports.