Beware Of Credit Card Hidden Charges

1. BEWARE OF Credit Card Hidden CHARGES by: www.newhorizon.org

2. Before you sign up for a credit card, here are the things you need to consider to avoid being stuck with a card that imposes hidden or unexplained charges.

3. #1. Be cautious about intro rates! • Intro rates can be deceptive, particularly for new cardholders. It is quite easier to be drawn to the low-rate or zero-rate offer without acknowledging the results of your decision. • While a credit card with 0% APR might appear like a fantastic offer, remember that you won't benefit from the zero rate permanently. • How long will the zero interest rate last? The answer depends on the kind of card you end up picking. • What will happen when promotional period ends? How much will the regular rate be? Again, the answer to these questions will depend on your card choice.

4. #2. Look out for high charges! • The low rate can be appealing but what about the charges? • To make up for the initial low rate, some issuers may ask for higher fees. • One wrong move and you could be subjected to pay costly fines.

5. #3: Be aware of balance transfer fees! • If you are searching for a balance transfer card with a low interest rate, don’t neglect to look into the fees. • How much will it cost you every time you transfer a balance? Some cards may offer a zero interest rate, however, you might be paying a great deal on the fees; particularly if you have to move balances from various cards. • The balance transfer cost may rely on just how much you are transferring , and that means you might be billed up to 5% or higher in fees alone.

6. To read more about hidden credit card charges click http://www.newhorizon.org/credit-info/watch-out-for-hidden-credit-card-charges/ Also check our list of credit cards for people with poor credit history