5 Ways to Make Credit Card Fees Disappear

Wednesday, November 4th, 2015
Updated: November 4th, 2015
The content is accurate at the time of publication and is subject to change.

Can you perform magic? When your credit card statement reveals that you’ve been charged a fee, you might wish you could. Good news: you can learn to do this small trick of making credit card fees disappear. Here’s how to make a different types of common fees disappear:

• Late fees. This one is pretty easy. Just pay your minimum amount due on time. However, sometimes life gets busy and even the most organized and responsible people miss a due date. One way to make this fee disappear is to simply call and ask. Customer service people will often credit back a fee, if it’s the first time and you have a reason for missing it. (The reason can even be that you just forgot. That’s legitimate.) But here are a couple ways to not be a repeat offender in this category. The first way is to set up automatic payments. This way, the minimum amount due (or the whole amount due–you choose) is automatically deducted on the due date. Another option is to set up email and/or text reminders. You can do this through your online account center, most likely—depending on which card you have. Yet another thing to consider is applying for a card that doesn’t charge late payment fees or over-the-limit fees. More and more cards are going to this model; check out Citi Simplicity or similar cards that advertise no hassle and no fees.

• Over-the-limit fees. As with late fees, these might be excused if you call and ask. And if you get a no-fee card, you won’t have to worry about this fee at all. Of course, another smart thing to do is to keep track of your balance so you don’t end up going over the limit. Set up text or email reminders that warn you when you’re approaching your limit. And another thing to keep in mind: charging your card all the way up to the limit is bad for your credit rating. Keep it to less than 30% of your limit to maintain the best credit rating. That means you should not be getting anywhere near your credit limit ideally.

• Cash advance fees. This one is a no-brainer. You should never get cash out of an ATM using your credit card, barring a true emergency. The fee is always high, the interest is sky-high because there’s a different rate for cash advances than for purchases, and you’ll be charged interest beginning right away, with no grace period. Try keeping a prepaid card with a small balance on it, in case you need to get cash out of an ATM for an emergency.

• Annual fees. These can be absolutely worth the money, as many cards that charge annual fees also give great rewards and benefits. Many of them waive their annual fee for the first year of membership, so look into a card that offers no fee for the first year. Even better, find one that offers a great promotion sign-on offer, like bonus miles or points after your first purchase.

Presto! No fees here. Now you can do magic—and even each others your tricks for being financially savvy.

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.

Latest Credit Card Fees Guides

What Fees Your Credit Card Conceals May 28th, 2020

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 […]

Continue »
Guide to Credit Card Minimum Payments March 9th, 2020

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.

Continue »
What Is an Annual Fee and How to Avoid It? February 12th, 2020

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.

Continue »
Can You Avoid a Credit Card Late Payment Fee? January 15th, 2020

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.

Continue »
How To Build Credit Without Paying Unnecessary Fees October 30th, 2018

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.

Continue »
Best Credit Offer
Best Credit Cards from Credit-Land.com
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 5 / 5
Horizon Card Services Horizon Gold Credit Card
Copyright © 2001-2020 BestCreditOffers.com All Rights Reserved.

*See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by BestCreditOffers.com. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The BestCreditOffers.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

Disclosure: Not an access card.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.