Credit Card Fees Guides

What is a credit limit? A credit limit is the total amount you are allowed to charge to your credit card. This includes not only approved credit card purchases, but also the entire balance owed, as well as balance transfers, interest charges, and fees such as annual fees and late fees. With most credit cards, […]

Credit cards may be fraught with a dozen of different fees. Certainly, you may know what annual fee is, but if you are not used to thoroughly read card agreements, you probably have never paid attention to some other kinds of fees. Still, it is very important to be well-informed about all the fees that […]

After you make purchases with your credit card, there always comes a time when you have to foot the bill. A monthly credit card statement usually contains a lot of numbers that taken together make up your payments. Of course, you’d better understand and monitor them all, but there is one number that just calls for attention – the minimum credit card payment.

The annual fee is a fee that you pay once a year just for using a credit card. Not all credit cards have an annual fee. As a rule, this fee is charged on travel credit cards, premium credit cards, and credit cards for bad or limited credit history.

A late payment fee is a fee charged by the credit issuer when cardholders fail to pay on time. It applies to both situations: when you didn’t manage to pay before the due date at all and when you did pay but less than the required minimum.

If you’re starting from scratch with your credit history, either trying to build credit from nothing or attempting to rehabilitate bad credit after something like a job loss, divorce, or other unexpected life event, you may wonder what the best way is to achieve an excellent credit score without paying high fees.

Most people don’t like to pay fees. Whether it’s a surcharge on a ticket purchase, a parking ticket, or an extra charge to check a bag on a plane, fees can seem unnecessary, irritating, and downright unfair. But there’s one circumstance when paying a fee can actually be a good thing.

Paying a yearly fee of $450 or even more for a credit card might sound crazy to some people. After all, there are so many credit cards available with no annual fee: why would anyone pay hundreds of dollars just for a credit card?

If you’ve ever been slapped with a credit card fee, you know it’s no fun at all. You can incur a fee for making a late payment, getting money out of an ATM, buying something with your card overseas.

When money is tight, it’s good to have a few tricks up your sleeve for painlessly saving money. Everyone has heard the old advice about making coffee at home and skipping the fancy latte on the way to work, packing your lunch, and cutting back on little luxuries like new clothes and movie nights. But there are other ways to save money that don’t have anything to do with making sacrifices. These four easy tricks are painless, and can make a big difference to your bottom line over time.

Generally, we can accept that paying fees is something most people don’t want to do. Bank fees, penalty fees, usage fees, processing fees—there are too many fees that crop up from day to day.