You can’t get a credit card for less than $1,000.
But, with the new wave of interest in the credit card industry, some people are getting more out of their cards than others.
Here are five reasons why the average credit card purchase might be worth the investment.1.
No hidden fees.
The credit card offers no hidden fees, so you don’t pay any hidden fees to cover the interest charges.2.
No annual fee.
Credit cards that charge annual fees are often less expensive than other types of credit cards, as the interest rate is calculated by multiplying the annual fee by the interest earned in the first month.3.
No monthly fee.
Debit cards offer a monthly fee, but it’s usually lower than the interest rates of credit card issuers, and it doesn’t carry any hidden costs.4.
No limit on credit card purchases.
Some credit cards offer limited card limits, and many offer a limit on the amount of the transaction or the amount you can pay in a month.
But you can usually use the card on a monthly or annual basis.5.
No foreign transaction fees.
Foreign transaction fees are generally included in the interest cost.
These can include foreign currency exchange, fees for international transfers, and other fees.
Debt card fees typically range from 0.25% to 2%.