What type of money do I owe whichever company if I have a credit card? Obviously any money I spend and whatever interest comes with it, but any other fees? For example, say I got a credit card for emergencies only so I rarely used it, would I be paying anything for little or no use?
2007-03-01 04:09:08 · 9 answers · asked by Captain Obvious 2 in Business & Finance ➔ Credit
Most good credit cards will not charge you annual fee, I have a credit card that I keep for the exact same reason, it has no balance and every month we receive the statement showing that we own nothing. Its a Capital One card and have had it for about 3 years. Now, if you have bad credit and are able to even get a CC, chances are that you will be paying some kind of annual fee. Just make sure to read the fine print before you sign anything.
2007-03-01 04:18:56 · answer #1 · answered by VGFan 3 · 2⤊ 0⤋
No, you would not pay any fees unless there is an annual fee to have the card, which can be found on the chart on the back of any application. Also, apply to a card by phone instead of mail or over the internet. You can ask any and all questions you have to the person processing your application. That way you can be 100% sure of no hidden 'catches'.
2007-03-01 04:54:41 · answer #2 · answered by Jenn B 2 · 0⤊ 0⤋
Financial resources gives one clout when it comes to credit cards. The bank will waive the annual fees if you maintain a checking account with a minimum balance. Credit card are better than checks for purchases, the secret is to pay the balances monthly, interest rates charged are barely legal and border on usury.
2007-03-01 04:25:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You need to check the fine print of your contract. Usually it's the annual fee, and card protection fee and if you withdraw cash the interest is extortionate
Visit http://www.cheap-credit-cards.org for more information
2007-03-02 04:46:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I believe it's only if you have an annual fee. If you use it and pay the full amount that month on your bill then all you owe is the annual fee if your card has that.
2007-03-01 04:15:14 · answer #5 · answered by toneslilsweettease 2 · 1⤊ 0⤋
If the card comes with a yearly fee, you will have that.
Card companies also bill you a charge if you have a card and do not use it, cause it costs them to keep the acct open and send you statements.
2007-03-01 04:18:40 · answer #6 · answered by bob shark 7 · 1⤊ 0⤋
You have most probably signed a contract with them.. THIS vary from bank to bank... got to chk with them.. Normally, the annual fee, membership fee, IF USED the interest if delayed paynets .. charges for getting late to deposit...
2007-03-05 03:17:59 · answer #7 · answered by Anonymous · 0⤊ 0⤋
That's why they have those little leaflet thingies called 'terms and conditions'. You are supposed to take a deep breath and read them!
2007-03-01 04:16:53 · answer #8 · answered by Oliver T 3 · 3⤊ 0⤋
Check out your contract
2007-03-01 04:16:36 · answer #9 · answered by ms.knowitall 3 · 1⤊ 0⤋