Visa and MasterCard have recently announced an increase in credit card fees, a move that has significant implications for both consumers and merchants. These two global payment technology giants are set to implement this within the next 30 days, and this decision is expected to impact a wide range of financial aspects in the United States. Customers will face increased costs when using cards for their purchases. These higher costs add to the economic burden of individuals who rely on these payment methods for everyday expenses, which will result in larger monthly credit card bills.