In this article I will be writing about the some of the important facts which needs to be reviewed on your credit card bills. Nowadays most of the banks not informing the customers about the fees change and there is no clear intimation. It will affect your expenses and have to handle this clearly. In this article I am writing to point few things how to avoid those extra expenses. If you like this article, please get the free email updates.
1. Avoid late payment fees
It is always keep in mind that the due date for all your credit cards. If you are missing the due, it will end up paying the late payment fees. Also periodically check for the due date, if there is any change by the bank.
2. Annual Fees
It is another expenses happening in the every year. If you taken the card with the life time free, then there should not be any fees for using the credit card. You have the rights to ask the company and they are responsible to provide the explanation.
3. Interest Rates
Learn about the interest rates of credit cards. There is lot of trick in explaining the interest rates by the banks. They will not tell you the annual rate for the credit cards. Because, it is higher than the other form of loans like Personal Loans, etc. It is always good to avoid taking the huge amount from the credit cards.
I hope this article will be useful to be aware of the credit card mistakes. This article explains only the few points. I will be coming up with another article which explains in more details. If you have any ideas please post it in the comments section.
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