Although the Credit Card Act is designed to protect consumers against fraud, you still need to watch out for some charges.
Nearly 20% of card issuers have raised their interest rates more than 25% over the last 6 months. Avoid this interest by paying on time for 6 months and use less than 20% of the credit limit.
Checking account fees can average up to $180 annually. You can avoid by asking about free checking. A minimal balance or direct deposit of your paycheck maybe required.
Cash advance rate remain high at a lofty average of 21.65%. Try using only this service for real emergencies and never take out more than you need.
Foreign transaction fees including online shopping transactions now average 2-3%. To get the best conversion rate, use a credit card instead of cash when you're abroad and a no-fee card such as Capital One.
ATM fees were raised 13% last year with per transaction charges averaging as high as $3.50. Ask for a cash back when making a debit card purchase.
Nearly 20% of card issuers have raised their interest rates more than 25% over the last 6 months. Avoid this interest by paying on time for 6 months and use less than 20% of the credit limit.
Checking account fees can average up to $180 annually. You can avoid by asking about free checking. A minimal balance or direct deposit of your paycheck maybe required.
Cash advance rate remain high at a lofty average of 21.65%. Try using only this service for real emergencies and never take out more than you need.
Foreign transaction fees including online shopping transactions now average 2-3%. To get the best conversion rate, use a credit card instead of cash when you're abroad and a no-fee card such as Capital One.
ATM fees were raised 13% last year with per transaction charges averaging as high as $3.50. Ask for a cash back when making a debit card purchase.
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