We all know that there are lot of credit card users in the world,but when it comes to credit card many users reduce it or eliminate it.Almost all scrupulous(Characterized by extreme care and great effort)can avoid paying these fees.
Below are five credit card fees
1.Annual Fees
Many top reward cards should pay annual fees,but there are still free products available .You can also avoid paying the annual fees by Waiting for the best offers,Look for sign-up bonus cards,Pull off your fee when you renew your card,Cancel your card.
2. Foreign transaction Fees
This is the disputed credit card fees,Credit card issuers exchange currency at interbank exchange rate, which is the best possible rate.They charge any transactions that are done outside U.S. even if it’s in U.S. dollars.
3.Late Fees
In order to avoid this fee,the card holder has to take a responsibility of paying the transaction amounts on time,while paying electronically avoids the risk of having a check lost in the mail.
4.Cash advance fess
Most cards have a cash advance fee of 3% with a minimum of $5 or $10. Charges are applicable while withdrawing the cash and there is no grace period.To avoid paying this fee, never use a credit card for a cash advance.
5.Balance transfer fee
Most credit cards that feature 0% APR promotional financing on cash advances also have a 3% balance transfer fee. If you absolutely must finance a purchases with a credit card, use a 0% offer on new purchases before you do, and not a balance transfer offer afterwards.
