What is the total credit card fees involved while using a card?

Answered on September 28, 2010
Updated on September 28, 2010
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
There are a number of different credit card fees that are applicable for the usage of credit cards today. You should ideally know about these different fees so that you can better plan your finances and have an idea of these expenses before they actually become critical issues. Remember that in most cases, these fees are mentioned to you before you apply for the card. However, it is important to be assured that you can read the fine lines and be aware of these fees before you can actually apply for the credit card. One of the first fees that are going to be a part of your credit card would probably be you application fees. This is a part of most credit cards, but not all of them. There are some credit card companies out there that will not charge you any kind of application fees for their credit cards. Hence, you might want to know more about these, in case you are looking to save your money in this regard. However, these fees are not particularly high, and in most cases, may be waived for first time customers. The next fees to look at will the annual fees that are associated with the credit card. This too is not a necessary fee that is associated with the credit cards. While some credit card providers charge their customers with these fees, the other card providers will make do for this elsewhere. Hence, this is something that you might want to look into, but do keep in mind that this is not something that you should be concerned about. There are some great cards out there that don't really have any bad feature as such, but might have an annual fee associated with them. Finally, there might be other fees that are associated with the cards as well. These are something that you might want to look at, specific to your card. There are certain credit card providers out there that will charge fees depending on the services that are provided with the credit card. Hence, you might want to consult with your credit card company about this and discuss these fees before signing on the dotted line. Consider all the different fees and if you still feel that the credit card is worth going in for, then it is definitely worth it and essentially something that you would want to pursue further.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

User Comments about This Question


When you carry a balance on a credit card, your minimum monthly payment will depend on the amount you owe, interest rate and fees. As a rule, you have to pay 1%-2% of your card balance plus new interest and late payment fees (if applicable). If you have any past due amounts, they will be added to the minimum payment as well. So, the more you owe on your credit card, the higher your minimum payment will be. However, you can avoid interest if you pay off the card balance in full each month. Also, there are credit cards with 0% intro APRs that do not charge interest during introductory period.
BB&T cards come with 0% intro APR on purchases, that is a great feature. But you don't mention if you are planning to earn rewards on your purchases, as only BB&T Spectrum credit card comes with cash back rewards. You may choose from cash back credit offers with 0% intro APR.
Credit cards from famous brands often come with high rates and fees. If you want to get credit card for your Uber rides, consider 0% and low intererst credit cards to avoid getting stuck with high interest rates or rewards credit cards. Depending on your lifestyle and preferences you may choose to earn miles, points or cash back on your purchases.

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There is a credit card for any credit and for any purpose. Whether you want to start building your credit from scratch or earn rewards on purchases, save on gas or travel for free, you can find a good credit card offer for that.