Friday, January 25, 2013

RBC drops expiry dates, fees on prepaid Visa cards

Finance minister Jim Flaherty has called for credit card companies to scrap fees on their pre-paid cards. Tuesday, RBC eliminated many of the fees on its prepaid Visa cards.

Amid tightening rules, Canada’s largest banking group changes, but will continue to charge a one-time flat fee of $3.95 to issue the cards.

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