Tag Archive | “Balance-transfer and cash-advance fees”

How To Avoid Seven Common Credit Card Fees

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The pleasure you get from buying anything you want, even if you don’t have the money is quite satisfying and appealing. Getting something today and paying for it tomorrow is too great for too many people. But using a credit card can have added consequences with unexpected costs and even more debt.

credit card fees

As credit cards are so common, plastic payments have been made very easy. For instance, in 2006, Americans charged more than $51 billion to credit cards to pay for fast food purchases alone. There is a great chance that they will not even remember the burger they had, when the bill comes in three weeks, and they will pay significantly more than the burger’s cost in interest if they do not pay off their credit card bill in full and on time each month. Plus, studies have found that people spend more when paying with a credit card than with cash as they don’t have a specific limit to the amount they can spend (except the maximum limit on card) which is the case with cash money.

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December 2010
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