Certain features of credit cards are easily recognisable and most potential card holders know to look for them. Features such as credit limits, interest rates, and even rewards programs are becoming standard for most credit cards on the market. What many card holders do not know, however, are that many fees are often worked into the language of the user agreement. (more…)
Types of Credit Card Fees, Part 1
Monday, January 31st, 2011Minimal Use Fees For Credit Cards
Wednesday, January 19th, 2011Credit cards carry an assortment of fees that can be applied to the card user’s account for a variety or procedures and infractions. Whether a transaction fee for standard purchases, an overdraft fee for breaking spending limits, or late fees for missing a payment, if one wishes to be a credit card holder, one cannot escape the barrage of fees. (more…)
How to Avoid Late Gees on Credit Cards
Sunday, January 16th, 2011Late fees are a nuisance for credit card holders who are already dealing with the frustration of having missed one of their monthly credit card payments. If a user ever sees a late fee levied against their account, they may then worry whether or not their creditor will raise their interest rate or lower their credit limits as a result. (more…)
How to Avoid Foreign Transaction Fees
Friday, January 14th, 2011Credit card users can often be shocked and frustrated to learn that they have incurred hefty fees for making purchases with their credit cards while travelling overseas. These are called foreign transaction fees and can be levied at anywhere between 2 to 4% for the process of converting currency. Below is a list of tips on how to avoid such foreign transaction fees. (more…)
How to Choose a Credit Card
Saturday, January 8th, 2011
There is a plethora of credit cards available on the market today. Cards with different colours assigned to them, cards branded for specific occupations and statuses, and still others that derive their names from the function that makes them stand out from the others, such as balance transfer, business, and rewards cards, to name just a few. Such a wide array can confuse people who are seeking a card that will meet their needs without loading them down with unnecessary and money-consuming features. Whilst, however, there may seem to be a lot of different categories of credit cards, choosing a card can be made much easier once the consumer determines what kind of credit they need and how they will use it. (more…)
