What are the fees for credit cards? Notice! These items can be avoided

Banks issue credit cards mainly to collect various fees and complete performance. Although you can enjoy various discounts by using a credit card, such as consumption rebates, refueling, etc., we must also be careful to avoid credit card charges so that it is more cost-effective. There are 7 charges on a credit card. Friends who are not aware of them must take a look.

What are the fees for credit cards?

1. Annual fee

The annual fee for credit cards is the most common charge item. It increases according to the level. The annual fee for regular card and gold card is The fee is around 200-500, and the amount will be deducted by the number of card swipes. For some higher-level credit cards, such as Shanghai Pudong Development Bank AE Bai, etc., the annual fee cannot be reduced or reduced, and can only be deducted through point redemption. For details, please see: Inventory of preferential credit card annual fee policies of various banks in 2018

2. Fees for reporting loss and replacement of cards

If the credit card is lost, the bank will charge a certain fee, including production fee and handling fee. , everyone must pay attention to safety when using cards.

3. Overdue penalty interest

Overdue penalty interest is generally calculated based on daily interest. If the amount owed is large, this fee is not small. If you are unable to pay off the current bill on the repayment date, it is recommended that you repay it in installments. Many companies implement a full penalty and interest system, which can't be hurt by compound interest, and most importantly, it will also affect personal credit.

4. Cash withdrawal fees

The main function of a credit card is to make purchases in advance, and it also supports cash withdrawals. However, the cash withdrawal business not only charges handling fees, but also requires payment of a certain amount of interest. Some credit cards implement a cash withdrawal exemption policy. There is no handling fee for the first cash withdrawal of the month. Of course, interest still has to be paid. So, which credit cards waive cash withdrawal fees? Friends who are interested can click here: Which credit cards are free of charge for cash withdrawals and which are the most economical credit cards.

5. Installment fee

For cardholders, installment fee is the bank’s most honest and profitable charge. If you don’t have the money to pay off your credit card, apply for installment payment. As for the number of installments, you can choose according to the current consumption amount. If the amount is small, you can choose a shorter number of installments, and the handling fee will be lower.

6. Over-limit fee

Over-limit fee refers to the fee charged by the bank if the cardholder’s consumption in the month exceeds the sum of the fixed limit and temporary limit, usually 3%-5 %.

7. Cash withdrawal fee for overpayment

Among these 7 charging items, the cash withdrawal fee for overpayment is considered to be the most problematic. To get your money back, you still have to pay a fee. When repaying a credit card, be sure not to pay more than it deserves. Credit cards are not debit cards and can be accessed and withdrawn for free.

In addition, credit cards also have a charge item - expedited fee, but it is not common, so I won't go into details here.

Through the above introduction, I believe that everyone has a good understanding of the standards for charging credit card fees. I hope everyone can avoid unnecessary expenses and save more money instead of being ripped off.

What are the fees for using a credit card?

What are the fees for using a credit card? Charges for various credit card services generally include: revolving credit interest (expected annualized interest rate is 5/10,000 daily interest), annual fee, late payment fee, loss report fee, emergency replacement card reissue fee, purchase order review fee, Handling fee for reproducing the password letter, handling fee for cash advance (generally 3% of the amount of the cash advance transaction, the standards of different banks vary), handling fee for replacing damaged cards, issuing certificates (deposit, liquidation handling fee, replacement fee) Statement preparation fee, expedited fee for sending the password letter for the first time, express fee for new card/replacement of lost card, overpayment card recovery fee, foreign transaction authorization settlement (settlement of transaction amount), etc.

After the credit card is activated, you have to pay an annual fee ranging from several hundred yuan. Each bank has some activities that waive the annual fee, such as swiping the card a few times or swiping a certain amount to waive the annual fee.

If you are unable to repay the amount you owe after the interest-free repayment period, you will have to pay interest at a daily interest rate of 0.5%, which is equivalent to an annual interest rate of 18%, and the interest will be paid in full. You owe 10,000 yuan and repay 8,000 yuan, but the interest will be calculated on the basis of 10,000 yuan.

If your repayment amount is lower than the minimum repayment amount when it is due, you will be charged. Pay a late payment fee, which is generally 5% of the unpaid portion of the minimum repayment amount. If you spend more than your credit limit, you will also have to pay an over-limit fee to the bank.

Instalment payments also require a certain percentage of handling fees, cash withdrawals are subject to fees, and reporting the loss of a credit card also requires a handling fee ranging from dozens of yuan.

What do credit card fees include?

What are the fees for credit cards:

1. The annual fee is one of the basic fees of a credit card. It is a fee charged on an annual basis. The annual credit fee is generally free of annual fee and free of charge when swiping the card. There are annual fees, annual points redemption fees, rigid annual fees, etc. For details, please refer to the article "How much is the annual fee for a credit card? See here!" 》. The amount generally ranges from 0 yuan, 200 yuan, 300 yuan, 500 yuan, 800 yuan, 1,000 yuan, 1,800 yuan, 3,000 yuan, etc.

2. Card swiping fees: According to national regulations, card swiping fees are divided into public welfare categories (0 rate), preferential categories (0.38% rate), and standard categories (0.6% rate). When we When using a credit card to make purchases at a merchant, depending on the type of merchant, the actual fee received by the merchant is after deducting the consumption fee from the amount we consume. (Handling fee = card amount swiped card rate). If it is normal consumption, we do not need to bear this cost.

3. Installment fee: When we use a credit card to make a purchase, especially after a large amount of consumption, if funds are tight or we receive a call from the bank, informing us that installment can reduce the repayment pressure. And after having the opportunity to increase their quota, some people will choose to make installments. At this time, we need to bear an installment fee.

Many people often apply for emergency loans when they are unable to open a loan in their lives. Baidu has money to spend: Du Xiaoman's small credit loan has a maximum limit of 200,000, a maximum loan period of 24 months, and an annual interest rate as low as 7.2%. The specific interest rate is shown on the loan page. You can borrow and repay flexibly at any time, apply for the whole process online, and there is no guarantee or mortgage. Submit the application and get the result within a few minutes. Once approved, you can get the money on the same day.