Understanding credit card fees and hidden charges: Everything you should know to avoid financial traps
4 weeks ago

Understanding credit card fees and hidden charges: Everything you should know to avoid financial traps

Live Mint  

Credit cards are part of present-day life because they provide convenience and flexibility to manage funds. Types of credit card charges Credit card fees are different for each type of issuer and also depends on features offered. Membership and annual maintenance fees: Many credit cards require a sign-up fee after an application gets approved. Cash advance fees: Many credit cards also allow cash to be obtained on a 'cash advance' basis, up to an agreed limit. Goods and services tax: GST is also charged on credit cards, including annual fee, interest payment, and EMI processing fees.

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Credit cards: How can small businesses cut down on merchant fees for transactions?
4 weeks ago

Credit cards: How can small businesses cut down on merchant fees for transactions?

Live Mint  

Using a credit card is considered convenient, but not a free service. Apart from annual fees, joining fees, etc., credit cards also include merchant fees, which are fees charged to businesses. Minimum limit: Always try to set a purchase limit on credit card sales to avoid paying higher merchant fees. Factors affecting merchant fees Type of business: Some businesses will …

Credit cards: What are some hidden charges associated with their usage? MintGenie explains
1 year, 5 months ago

Credit cards: What are some hidden charges associated with their usage? MintGenie explains

Live Mint  

Credit cards have revolutionized the way we manage our finances, offering convenience, rewards, and financial flexibility. In this article, we will dive into the world of hidden charges, exploring the various fees and costs associated with credit card usage. When you carry forward a balance from one billing cycle to the next, credit card issuers apply finance charges or interest …

Credit cards have these ‘hidden charges’. Check now
1 year, 9 months ago

Credit cards have these ‘hidden charges’. Check now

Hindustan Times  

A credit card allows you to buy anything with the option of paying later. Banks will sometimes offer free credit cards, which means there will be no joining or annual fees on the card for a set period of time or lifetime. Cash Advance Fee As part of the total credit limit on the credit card, there is also a …

Hidden charges on credit cards: Key things to know
1 year, 9 months ago

Hidden charges on credit cards: Key things to know

Live Mint  

In times of a financial crunch, credit cards provide a lot of respite. Most commonly, high-end rewards credit cards with annual fees include travel, business, credit cards for those with terrible credit, and reward cards for those with fair or restricted credit,” said Amit Gupta, MD, SAG Infotech. According to Vinit Khandare, withdrawing cash from credit card entails interest from …

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