Credit Card Charges: Now if there is no cash in the purse but there is a credit card then we can easily do shopping. In such a situation, many users do not know that banks and credit card companies charge many types of charges from them. If you also use a credit card, then today we will tell you about the charges on credit card.
At present, there has been a rise in the number of credit card users. Now if there is no cash in the purse and there is a credit card, then we can easily use it.
Many users use credit cards more in greed for the reward points available on them. They are quite unaware of the charges levied by the bank or credit card company.
Today, through this article, we will tell you about those charges on credit cards about which many users are not aware.
Annual charge
Many companies charge annual charges on credit cards from users. All banks and companies charge different charges. However, if the user uses the credit card more than the limit then the annual charge is refunded.
If the bank charges annual charges, then the user should compare all the banks or take the card only when there is great need.
Interest on credit card
If the user does not pay the credit card bill on time, the bank charges interest on it. To avoid this interest, the user has to pay the minimum amount of the credit card.
In such a situation, experts also advise that the user should pay the credit card bill before the due date. If they do not do so, they may be charged interest of up to 40 percent.
Do not withdraw cash from credit card
If cash is needed then you should never withdraw cash from credit card. Let us tell you that if you use a credit card to withdraw cash, you have to pay a charge on it. Even until you pay the credit card bill, interest accrues. In such a situation, you should not withdraw cash from the credit card until all avenues are closed.
Surcharge
Credit card companies and banks charge surcharge for filling oil. Many banks refund this surcharge. If your bank does not refund this surcharge then you should clarify with the bank once. You should know about the surcharge once before taking the card.
Overseas Transaction Charge
Overseas transaction charges are levied on transactions done through credit cards abroad. This charge is quite big. If you are also going on an international trip, you should ensure from the bank that how much overseas transaction charge you will have to pay.
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