I have a few credit cards for stores such as PacSun, Express, Target, and Lucky Brand Jeans, but I am pretty smart about using them, and I don't use them too much. I am kind of new to credit cards...
Is there usually a monthly or annual fee for these types of stores? Let's say I rarely use one of my cards, or I don't use it at all, would I still be charged at all? Even if the fee isn't too much, I would like to know.
To be more clear, do I have to pay $12 (or whatever the fee costs) every month or year just to have the card?
2007-08-02 14:13:23 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
Most store credit cards don't have those kind of fees.
Some major credit cards (Visa, Mastercard) have annual fees. A few of the secured cards have complicated fee structures but these cards are aimed at folks with really bad credit.
You are very smart to not carry balances on your credit cards!
2007-08-02 14:21:26 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
The people who make these offers think they have you over a barrel because your credit rating is currently poor. Because of this, they think they can really jam it to you. There are other ways to bring your credit rating up. You will have to pay higher interest rates, but you shouldn't have to pay these steep up-front costs. Actually, if you watch what you charge and pay the balance off every month, you won't pay any interest and will be improving your credit rating as you do this. Check for credit counseling. You should be able to find something that is free or low cost. I'm not sure what other ways may be available, just look around. Don't get a card if you can't make the payments. That's the first thing to get your credit rating back up, making the payments on time. This will be a long-term project. It won't happen overnight.
2016-05-21 04:35:02 · answer #2 · answered by adelia 3 · 0⤊ 0⤋
Store credit cards are always no annual fee. The only time you pay an annual fee if you have a secured card, airlines cards like USairways, Alaska airlines, AAdvantage, Delta skymiles... etc.. cards that give you a huge mileage or cards such as Amex that gives you access and privilege to use airport lounge and other perks. You also have to have certain amount of your income salary to qualify for these types of cards.
Majority of credit cards do not have annual fee
2007-08-02 14:39:00 · answer #3 · answered by Phoenix 3 · 1⤊ 1⤋
You should read your credit card agreement and all term and conditions. MasterCard provides insurance for its credit card holders. As MasterCard is growing in popularity and is being accepted worldwide, MasterCard has launched its global service to cater to this growing clientele.
If you travel a lot MasterCard has a lot to offer for your travel and stay in a hotel to be truly rewarding. The travel assistance services offered by MasterCard will help you greatly. The purchase assurance coverage, baggage delay coverage, extended warranty coverage will take the blues out of your travel and renting experiences. While traveling if you are having a MasterCard gold or platinum card you are covered for hotel/motel burglary, lost or damaged luggage also. Read more from: http://www.credit-card-gallery.com/article/217,MasterCard_Gold_and_Platinum_Credit_Card_Benefits
2007-08-03 01:01:33 · answer #4 · answered by brady ewart 3 · 0⤊ 0⤋
Yes, if CC have fee, you will have to pay, doesn't matter, you use the card or not. Call them and tell them, that you don't want to have a card with fee, check www.creditcard.com
and apply for CC without fee, then just cancel the one with a fee. Good Luck!
2007-08-02 14:36:38 · answer #5 · answered by reality 6 · 0⤊ 0⤋
Reality had a good answer, however, look your cards up on the net and check it out to be safe.
2007-08-02 14:40:30 · answer #6 · answered by Anonymous · 1⤊ 0⤋
read your card agreements. Some have fees, some don't.
2007-08-02 14:18:01 · answer #7 · answered by Anonymous · 1⤊ 0⤋