In the current climate, and given the financial difficulties that most people are facing, it is not surprising that so many people have strong concerns about their credit card debt. Many people have racked up huge amounts of credit card debt over the past couple of years, with many even using their cards to make payments on their rent, mortgages, and bills.

However, although the level of concern over the huge amount of credit card debt that many people are in has increased it seems that many credit card providers are determined to encourage cardholders to get into increasing levels of debt on their cards. This is because some providers are now charging people that do not clock up debt on their credit cards by charging what is effectively an inactivity fee – a fee that is charged for failure to use the card.

It is likely that a rising number of credit card providers will now start charging these fees given the new regulations that have been brought in to provide consumers with a fairer deal when it comes to their credit card debt. These new regulations will mean that credit card companies suffer losses, and many people guessed that providers would try and find new ways to recoup the cash, such as by increasing interest rates and applying fees such as these.

One industry official said: “Consumers that use their cards and cannot repay the balance in full often get charged very high rates on interest on their borrowing. On the other hand, those that are trying to keep their heads above water by not using their cards and avoiding debt may now be charged. It seems as though you just can’t win when it comes to some credit card providers. For people that only want a credit card for emergencies this could be a big problem, as they will have to either use the card, emergency or not, or face paying a fee.”