A Service Fee for Printed Statements? That’s Extortion!

In General, Opinion by Michael Sheehan2 Comments

Yesterday I received my wife’s New York & Co credit card statement and I noticed a charge that caught my attention. It was for $1 and had “Processing Fee” for the Transaction Description. I was a bit confused by the charge so I started reading the bill a bit more carefully to find out what it was for. What I learned was a bit shocking and, in my opinion, wrong. A bit further down the statement there was more of an explanation: “A one-dollar processing fee will be charged on every paper statement. We will waive this fee if you …