8 common credit card fees and how to avoid them.
may seem like an easy way to get cash fast, but come at steep costs. Card issuers typically charge a 3% or 5% fee per cash advance which can add up if you withdraw hundreds of dollars.Instead of taking out a cash advance, consider borrowing money from family or friends or take out a personal loan .Card issuers may charge you for exceeding your credit limit, though the fee can't be greater than the amount you spend over your limit.
and keep the amount of credit you use below 10%. You can also set alerts for when you're approaching your credit limit, so you can easily keep track of how much you're able to charge to your card.If you schedule a payment for your credit card bill, but don't have enough money in your bank account, your payment may be returned. As a result, your card issuer may charge you a returned payment fee, usually up to $40.
For instance, if you schedule a $750 bill payment with only $500 in your checking account, you could be hit with a $40 fee from your card issuer that is tacked onto your bill.Verify that you have sufficient funds in your bank account before you schedule any payments.Credit cards charge a lot of fees that may seem negligible in the short-term, but can cost you in the long-run.
Information about the Citi® Double Cash Card, Capital One® QuicksilverOne® Cash Rewards Credit Card, U.S. Bank Visa® Platinum Card, Petal® Visa® Credit Card, Citi Simplicity® Card, Capital One® Platinum Credit Card, Wells Fargo Propel American Express® Card and Amex EveryDay® Credit Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.
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