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 fees for regular cards and gold cards are around 200-500. The amount will be deducted based on 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 be sure to pay attention when using the card. be safe.
3. Overdue penalty interest Overdue penalty interest is generally calculated based on daily interest. If the amount of debt 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 withdrawal services. 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: Which credit cards are free of charge for cash withdrawals? These credit cards are the most economical.
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 when the cardholder's consumption in the month exceeds the sum of the fixed limit and the 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 annoying. 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.