The cost of using a credit card is increasing as providers use a range of charges to make money from customers, a consumer group has warned.

The Office of Fair Trading (OFT) said last year that credit card companies must cut the penalty fees they charge customers to a maximum of £12.

But Which? said since then other fees and charges levied on customers had "notably increased".

Some credit card providers have introduced annual fees of up to £24 a year, while the amount charged to people transferring a balance from one card to another has risen from a typical 2% to 2.5% or 3%.

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