Saturday, March 31, 2012, AM | 1 Comment
Before you choose a credit card for yourself, understand the types of fees the companies can charge. Most credit cards charge fees under certain circumstances. Read the information in your credit card agreement to see if there are other fees and charges. Read the fine print so there is no ambiguity in your mind what you are getting into:
Sometimes billed monthly. Charged for having the card.
Cash advance fee
Charged when you use the card for a cash advance; may be a flat fee (for example, $20.00) or a percentage of the cash advance (for example, 15%).
Charged when you transfer a balance from another credit card. Your credit card company may send you “checks” to pay off the other card. The balance is transferred when you use one of these checks to pay the amount due on the other card.
Charged if your payment is received after the due date.
Charged if you go over your credit limit.
Charged if you ask for an increase in your credit limit.
Charged when a new credit card account is opened.
Charged if you pay your bill by check and the check is returned for non-sufficient funds. That is, your check bounces.
Some credit card companies charge a fee if you pay by telephone. That is, if you arrange by phone for payment to be transferred from your bank to the company.
Some companies charge a fee to cover the costs of reporting to credit bureaus.
Some companies charge a fee for reviewing your account and providing other customer services.
- Aug 27, 2014: nouveau maillot Mexique