Consumers ‘will revolt’ against new credit card charge

According to a Money Supermarket study, close to three-quarters (73 per cent) of those polled would move to scupper plans among credit card providers to bring in further charges by closing down a previously dormant account.

Only one per of respondents to the study said they would respond to the introduction of dormancy charges by using a particular card in an effort to avoid added credit card debt, Money Supermarket has revealed.

Rob Kenley, head of credit cards at the price comparison service, said: “Consumers, with the help of regulatory bodies, are really getting tough when it comes to their finances.

“As credit card providers plan to introduce new fees, it’s clear how people plan to respond.”

Recently, a study from personal finance website Fool.co.uk concluded that debt management concerns deter many Brits from switching their bank account.