These Fees Increase The Cost Of Credit Card Ownership

Credit card companies associate various different fees with the credit card. A close scrutiny of the terms and conditions associated with the credit card will definitely make the credit card owner aware about them.

These fees increase the cost of credit card ownership. But, if they find it too cumbersome to read all the document, they can simply ask their credit card agent about it and get the facts straight. Fees for not using the credit card. This article takes a look at a few not- so- common credit card fees. Yes, strange it might sound, but some credit card companies charge you for not using that plastic. The details of this particular fees is buried deep in the fine prints and unless you ask specifically to the credit card agent, chances are good that you might never discover it until it shows on your credit card statement. Being, inactive for a particular period the credit card doesn' t earn them sufficient money, so to recover part of their loss and' motivate' you to use the credit card regularly they slap a fees for not using the credit card.

Overseas fees. Make sure to checkout overseas fee levied on your credit card. Going abroad? Again, written in fine prints this fees is particularly common with airline and travel reward credit cards. Sometimes it is also called foreign transaction fees. The owners of these credit cards frequently travel to destinations abroad so they are perfect candidates to bring extra revenue to the credit card company.

Cash advance fees. Credit card companies simply don' t encourage to withdraw cash from ATM's using your credit card. Not a single credit card is issued in today's world without a cash advance fee in its terms and conditions. So a cash advance fee and heavy cash advance APR's are slapped on the credit card owner. But finally it is the credit card owner who has to shell out all the sum. This fees is divided by the credit card company and the ATM owner company. No- balance fee.

Those with bad credit find this fee in their credit statement because in many cases their credit card is linked to a bank account and lack of sufficient balance in that account, coupled with poor credit history make credit card companies jittery and to counter the risk and' encourage' credit card owner to keep their accounts in good standing they slap a no balance fees. If you are not able to maintain a particular level of balance in your credit card account, be prepared to shell out a no balance fee. These fees increase the cost of credit card ownership. But, if they find it too cumbersome to read all the document, they can simply ask their credit card agent about it and get the facts straight. A close scrutiny of the terms and conditions associated with the credit card will definitely make the credit card owner aware about them.