What are the major fees/costs I should be aware of, in regards to credit cards? Such as APR, whats t

I want to pay the credit cards as little extra money as possible! How can I achieve this?

What are the major fees/costs I should be aware of, in regards to credit cards? Such as APR, whats that?

The major cost, other than interest, associated with credit cards is the annual fee. You should also find out over limit fees and late fees that may be imposed. Lastly, while not a charge, you need to determine the grace period - this is the period during which you will not be charged interest on charges you make. These fees can be determined in advance by a little research. Check out bankrate.com.

The APR is the annual percentage rate. This is a term used by the federal truth in lending act. It is not the same as the interest rate on the loan although it can be the sale percentage rate. The APR takes into account any fees or other costs. With credit cards, the APR is often the same as the interest rate since there is no annual fee or other costs associated with the credit card. (Note the biggest spread between an APR and interest rate usually occurs with home mortgages where the broker is charging you fees and the lender is also charging you fees such as points). Bankrate.com will also show the lowest APR rates for numerous cards.

What are the major fees/costs I should be aware of, in regards to credit cards? Such as APR, whats that?

You just get one that states %26#039;No Annual Fee%26#039;. That%26#039;s the fee that they charge just to use the card. The APR is the annual percentage rate and is the mount of interest that is charged on unpaid balances. If you pay your balance every month (as you should) then this doesn%26#039;t matter as much.

What are the major fees/costs I should be aware of, in regards to credit cards? Such as APR, whats that?

Make sure the interest rate is as low as you can get it for your credit rating/ score. 9.9% or lower if you can get it. That means that you are paying a 10 cents charge for every dollar you spend. If you get a card with a 22% interest rate, you are paying 22 cents for every dollar you spend on the credit card. And, if you can%26#039;t pay the balance off every month, try to pay on time and 2-3 times the minimum amount due.

What are the major fees/costs I should be aware of, in regards to credit cards? Such as APR, whats that?

Depending on your credit, you could qualify for virtually no fees, or if your credit is not the best, you could pay higher APR%26#039;s, annual fees, initiation fees, monthly service fees, etc. There are many websites offering credit cards, but one of my favorites is www.bankrate.com you may find helpful info there.

What are the major fees/costs I should be aware of, in regards to credit cards? Such as APR, whats that?

Always get a no annual fee card. Pay your balances in full each month to avoid paying interest. Do not go over your credit limit. If you don%26#039;t pay your bills online, mail your bill at least 5 days before its due so it gets credited in time. Get a card that gives you cashback on your groceries and gas. Search bankrate.com for the best card.

What are the major fees/costs I should be aware of, in regards to credit cards? Such as APR, whats that?

I found all sorts of cards here. Good for comparison.