Some credit card firms charge a fee to cover your grocery bills and the cost for rent, and others charge a small fee for letting you pay online.
Here’s a look at the fees credit card issuers charge and how much you can expect to pay.
(Jenny Starrs/The Washington Post)The most common fees credit cards charge include:What you can payThe fees a credit card issuer charges vary from card to card.
The following are the fees you may be able to pay on your credit card by paying online:Rental credit cards usually charge a minimum of $20 on your bill.
If you rent a room or a place to live, it’s the first thing you may want to pay, since you may not have to pay the rest of the rent or other expenses.
The credit card will tell you whether you’ll have to take out a second mortgage to cover that amount, but if you pay on time, the minimum is usually $1,500 or less.
The fee varies by card.
Some credit cards, like the American Express Platinum, charge $100, while others charge $300.
A few of the Visa Signature, Mastercard and Discover cards have a $2,000 fee for renters who pay on or before the due date.
The fees are usually higher on credit cards with higher interest rates, since they’re usually subject to interest charges, which are the interest rate charged on the card.
Credit cards with a lower interest rate usually have lower fees.
If you’re unsure whether you can afford to pay by credit card with cash or cash-back, ask the issuer about their credit card offer.
Some issuers will provide an “affordable credit card” option, where you can buy credit with cash, but not cash-backs.
You’ll also need to find out if you’re eligible for the credit card rewards program.
For the most up-to-date information on fees, check out the credit bureau’s website or call 1-800-827-7737.Read more:
