Types of Credit Card Fees

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If you own a credit card then you are subject to some type of fee. 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 which can 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 can also vary from credit card to credit card.

Cash Advance Fees

Credit card companies allow you to take out cash advances. A fee of this sort 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

Credit card companies are starting to charge annual fees which are accessed to your account the same time every year.

Maintenance Fee

Some of the bad credit card accounts will charge a monthly maintenance fee.

Balance Transfer Fee

If you decide to do a balance transfer you could incur a fee. Balance transfer fees are usually 3 percent of the balance transferred and many will install a maximum of $75.

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