Credit Card Fees

Some fees that one might find on their credit cards regardless of which creditor they are working with are: Annual credit card fees (sometimes billed monthly). Charges for simply owning the card. Many credit card companies will wave this feature either depending on the card themselves or the borrowers credit. The better credit the more likely you are to not have an annual fee. Cash advance fees are typically charges to cards when taking out cash on the credit card. These charges may be a flat fee or they might be a % of the cash advance. Balance-transfer fees are charged when you transfer a balance from another credit card to pay off the other card. Late-payment fees are typically applied if you make a payment late on your cards. Over-the-credit-limit fees are charged if you go over your credit limit and attempt to borrow more money than allowed on the card. Credit-limit-increase fees are attached if you ask to increase your limit. Set-up fees are applied, sometimes, when a new credit card account is opened. Return-item fees are charged if you pay your bill by check and you check is returned or bounces. Some other fees that are sometimes applied are- fees that might be charged if you pay bill by phone or if they have to report you to the credit bureaus, if they need to spend extensive time reviewing your account for whatever reason, or if they provide you with other forms of customer service. However if one shops around enough for a credit card they are likely to find the card right for them that waves many of these fees, especially the added additional fees from above. Most card companies will be glad to assist you in whatever forms of customer service you might need without tacking on added charges.

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