Interest fees seem to be the first step in the process. Many experts claim that the next step in the process is the introduction of annual fees for most credit cards. With more regulations going into effect next year, it’s only a matter of time before things get even more tough for credit card owners.

The latest moves by credit card companies have certainly had a negative effect on consumers. According to surveys, satisfaction rate and consumer confidence have dropped significantly in the past few months. Let’s not forget that credit card companies have increased all kinds of fees, so if you happen to miss a payment or are late for one, you are going to see a large increase in your fees.

So the key is, never be late and always pay your bills. The last thing you want to do is having to deal with a huge increase in your fees in these tough economic times. As long as you abide by the rules, you won’t have to deal with those bogus fees.