Types of Credit Card Fees


If you own a credit card, you are subject to several types of fees. Most fees are activated if you make a certain transaction, or if you fail to complete a certain action.

Late Fees

  • Credit cards have late fees that vary from credit card to credit card. Late fees can range from $29 to as much as $49. If your payment is one day late, you can incur a late fee.

Over-Limit Fee

  • When you go over your credit limit, some credit card companies will charge an over-the-limit fee. These fees vary from credit card to credit card.

Cash-Advance Fees

  • Credit card companies allow you to take out cash advances. A fee for this transaction can be as much as 3 percent of the cash advance. Some credit cards will impose a maximum dollar amount on the fees, such as $75.

Annual Fee

  • Some credit card companies charge annual fees that are applied to your account the same time every year.

Maintenance Fee

  • Some bad credit card accounts charge a monthly maintenance fee.

Balance-Transfer Fee

  • If you do a balance transfer, you may incur a fee. Balance transfer fees are usually 3 percent of the balance transferred, and there is often a $75 maximum fee.

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