We were recently made aware of this interesting blog post at bankaholic.com regarding 5 little known fees on credit cards. Please read the entire post but here are the five:
1. Low APR Cards May Carry Annual Fees;
2. Fees for Extra Services;
3. You May Be Charged Nominal Amount Even if You Pay in Full
4. Balance Transfers Have Fees; and
5. Low APRs Only for a Limited Time.
We all want to get the best credit cards (if we have to use them) and these are some fees that most of us are not aware of. Educate yourself so you can protect yourself.
Another resource for you is to join our Facebook Fan Page – Alabama Consumer Protection Attorneys where we share useful information about the same types of issues that we cover in this blog.