5 HIDDEN CHARGES OF A CREDIT CARD

Cash Advance Fee

Fee on the amount that you withdraw from an ATM using your credit card

Late Payment Fee

Fee that is normally charged on your outstanding amount when minimum amount is not paid by due date

Annual Maintenance Fee

Fee that you must pay when you renew credit card. Not every bank imposes this fee, but avoid it by enquiring about it 

Foreign Transaction Fee

Fee that is charged by a credit card issuer or bank whenever you buy something in a foreign currency

Reward Redemption Fee

Fee charged when you redeem your credit card rewards.

Click For More Stories