Payment Card News

Over Limit Fees

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The increase in fees for exceeding the credit limit continues to slow down but remain above the $30 level. At mid-year, over-limit fees were up 2% to $30.71, compared to one-year ago. In June 2002, over-limit fees stood at $27.44. Since June 1993, over-limit fees have soared by 159%, according to CardData (“www.carddata.com”:www.carddata.com). During full-year 2004, the average over-limit fee increased 3.8%, compared to 4.8% in 2003, and 32.3% in 1997. Between 1994 and 1999, over-limit fees grew 96%, from $12.75 to $24.96. The most common over-limit fee among major issuers is $35, although some issuers charge $39 for accounts with higher balances.

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|_2. OVER-LIMIT FEE HISTORICAL |
|_. Year | Average |
|_. June 1993:| $11.88 |
|_. June 1996:| $13.21 |
|_. June 1999:| $23.44 |
|_. June 2002:| $27.44 |
|_. June 2005:| $30.71 |
|_2. Source: CardData (www.carddata.com) |

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