Many banks charge an annual fee for their credit card offers. These card fees can save consumers. There are enough providers who provide a free credit card. In order for the credit card usage to remain economical and not lead to unnecessary costs, consumers should find out about suitable offers and compare the terms of the different credit cards. The fastest way to do this is on the Internet on corresponding comparison portals.
- 1 What fees are still payable?
- 2 tips for saving
Which fees are still due?
For example, costs are incurred for withdrawing cash at the ATM or cash desk. Although banks usually do not charge any money for withdrawing money, they charge third-party fees. This is particularly true for non-European countries, almost all banks generally do not reimburse these fees or not. Similarly, conversion fees for the use of the card in a foreign currency, explain the experts of the portal www.kreditkartenvergleich.com . Fees are usually also charged when applying for a replacement or partner card. The highest cost burden, however, results in the settlement of credit card transactions by the lending rates.
Tips for saving
Consumers must pay interest on a disposition credit by using debit and billing cards. For revolving credit cards, only part of the issued credit card amount, a previously agreed rate, will be debited from the reference giro account. Interest rates on the part-payment credit cards are often exorbitantly high. In order not to fall into this cost trap, it is advisable to transfer even more than the agreed rate or to pay off the total credit card balance. The punctual settlement of the credit card bill reduces the interest burden immensely. Shopping or booking on the Internet often incurs additional charges when using credit cards. By choosing another payment method, you can avoid them.