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Costs and Fees: FAQs About Credit Card Fees Part 4

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Question: I’m searching for such a credit card that I have decided to use on special occasions and pay off the balance monthly. So what will be that card which is the best choice for avoiding hidden fees and clauses?

Answer: If you are planning that you will pay off the balance every month, then now you should be less concerned about the interest rate and you should have more concern about the grace period before which card company start charging you interest on your purchases.

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Credit card agreements aren’t written as a rigid agreement. There are fluctuations in variable rates with changes in the Fed Funds rate, but so can rates on a fixed-rate card. The terms and conditions can be changed by card companies as needed to remain competitive with other credit card issuers. If you don’t like the way how a credit card issuer has changed the terms on your card, then you can vote with your feet and find a new card to for yourself. You can shop for a new card on bankrate.com. Wish you Good luck!

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September 2011
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