Chase Ends $4 And $5 ATM Fee Tests… For Now

Chase Ends $4 And $5 ATM Fee Tests… For Now

After nearly two months, Chase has finally stopped charging exorbitant ATM fees to non-customers in Illinois and Texas. But that doesn’t mean the fees won’t be back soon. [More]

Senator Durbin To Chase CEO: You're Already Gouging The Consumer, So Stop Complaining

Senator Durbin To Chase CEO: You're Already Gouging The Consumer, So Stop Complaining

The main reason that JPMorgan Chase and other big banks have given for things like $5 ATM fees and prohibitive caps on debit card purchases is a soon-to-be-enacted bit of legislation known as the Durbin Amendment, which limits the amount of money banks can make off of interchange fees, the amount they charge retailers for each debit card transaction. Chase CEO Jamie Dimon has called the laws “price fixing at its worst” and “downright idiotic.” Now Dick Durbin, the Illinois senator whose name graces the legislation, has come out swinging at Dimon, telling the bank exec to quit whining and enjoy being profitable. [More]

Would You Pay $20/Night To Guarantee A Non-Smoking Room?

Would You Pay $20/Night To Guarantee A Non-Smoking Room?

You can almost imagine the moment when some executive at the MGM Grand in Las Vegas was walking by the check-in counter and heard an employee ask a guest, “Will that be smoking or non-smoking?” And in that moment, yet another idea for a tack-on fee was born. [More]

Holiday Inn Will Pay Your Baggage Fees If You Stay With Them

Holiday Inn Will Pay Your Baggage Fees If You Stay With Them

In an attempt to alleviate the annoyance of checked baggage fees, all while drumming up some business, Holiday Inn — along with other IHG-brand hotels — will pay up to $50 of your fees if you book a weekend stay with your Visa card. [More]

United Airlines Is The King Of Fees

United Airlines Is The King Of Fees

A newly released study shows that airlines around the globe are raking in cash from ancillary revenue like baggage fees. Worldwide, carriers collected $13.5 billion in fees last year, an increase of 43% over the previous year. And sitting high atop that pile was United Airlines. [More]