4 Types of credit card fees Annual fees, transaction fees,late payment fees, bounced check fees, and over the limit fees A credit card account may have many types of fees Common types of fees include the annual fee, the transaction fee, the late payment fee, the bounced check fee, and the over the limit fee These fees must be disclosed to applicants before they sign up for a credit card Fees are usually disclosed in a credit card disclosure box, similar to the following sample When applying for a credit card account, try to obtain an account with the lowest possible rates and fees In addition, you can avoid many of the fees by making your payments on time, meeting all terms of the credit agreement, and staying within the allowed credit limit Review the following sample credit card disclosure box Then answer the questions that follow Details of Rates, Fees, and Other Cost Information As required by law, rates, fees, and other costs of this credit card offer are disclosed here All account terms are governed by the Credit Card Agreement sent with the card Account terms are not guaranteed for any period of time all terms, including the APRs and fees, may change in accordance with the Agreement and applicable law Annual Percentage Rate (APR) for purchases The introductory rate (see notes below) is 2 99 until the first billing after the six month anniversary of opening the account After that, your rate will be 8 99 (variable rate) Other APRs (all other APRs are variable) Balance transfers The introductory rate is 0 until the first billing after the six month anniversary of the opening of the account After that, the rate will be 8 99 Cash advances 20 99 Default rate 27 99 (see notes below) Variable rate information Your APRs may vary during each billing period The rate for purchases and balance transfers is determined by adding 4 99 to the prime rate (see notes below) The rate for cash advances is determined by adding 16 99 to the prime rate, but such a rate will never be below 20 99 The default is determined by adding no more than 23 99 to the prime rate Grace period for repayment of purchases Not less than 21 days if you pay your total new balance in full each billing period by the due date Payment must be received by 5 00 PM on the due date There is no grace period for balance transfers and cash advances Method of computing the balance Average daily balance (including new purchases) Annual fee $35 Minimum finance charge $1 50 Miscellaneous fees Transaction fee for cash advances 4 of the amount of the transaction but not less than $15 Transaction fee for balance transfers 4 of the amount of the transfer but not less than $45 There is no balance transfer fee during the six month introductory period Late fee $12 on balances up to $500 $30 on balances over $500 Over the limit fee $30 Bounced check fee $30 Notes Introductory rate Eligibility for the introductory rate is subject to your maintaining good credit The rate indicated in this offer is subject to change to reflect changes in the prime rate (see below) at the time of your application Default rate All your APRs may increase if you default under any Card Agreement that you have with us, because you fail to make a payment to us when due, you exceed your credit limit, or you make a payment to us that is not honored Factors considered when determining your default rate may include the length of time your account with us has been open the existence, seriousness, and timing of defaults under any Card Agreement you have with us or other indications of account usage and performance on this or any other account you have with us Prime rate The prime rate (currently 4 ) used to determine your APRs for each billing period is the U S prime rate published in the Wall Street Journal two business days prior to the billing date for that billing period This credit card has an annual fee of $ , which is charged to the borrowers account The transaction fee for cash advances is of the amount of the advance, with a minimum fee of $ This fee charged if you take a cash advance during the six month introductory period The transaction fee for balance transfers is with a minimum fee of $ This fee charged if you transfer balances from another credit account to this credit card during the six month introductory period If you make a payment by check and your check bounces, then you are charged a bounced check fee of $ If you make a late payment on the account, then you are assessed a late payment fee If you make a late payment with an account balance up to $500, then the late payment fee is $ However, if you make a late payment with an account balance greater than $500, then the late payment fee is $ If your balance exceeds the credit limit on the account (by either making excessive purchases or fees charged to the account), then you are assessed an over the limit fee of $ each month that the balance exceeds the credit limit

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4. Types of credit card fees - Annual fees, transaction fees,late-payment fees, bounced-check fees, and over-the-limit fees A credit card account may have many types

4. Types of credit card fees - Annual fees, transaction fees,late-payment fees, bounced-check fees, and over-the-limit fees

A credit card account may have many types of fees. Common types of fees include the annual fee, the transaction fee, the late-payment fee, the bounced-check fee, and the over-the-limit fee. These fees must be disclosed to applicants before they sign up for a credit card. Fees are usually disclosed in a credit card disclosure box, similar to the following sample.

When applying for a credit card account, try to obtain an account with the lowest possible rates and fees. In addition, you can avoid many of the fees by making your payments on time, meeting all terms of the credit agreement, and staying within the allowed credit limit.

Review the following sample credit card disclosure box. Then answer the questions that follow.

Details of Rates, Fees, and Other Cost Information

As required by law, rates, fees, and other costs of this credit card offer are disclosed here. All account terms are governed by the Credit Card Agreement sent with the card. Account terms are not guaranteed for any period of time; all terms, including the APRs and fees, may change in accordance with the Agreement and applicable law.

Annual Percentage Rate (APR) for purchases	The introductory rate (see notes below) is 2.99% until the first billing after the six-month anniversary of opening the account. After that, your rate will be 8.99% (variable rate).
Other APRs (all other APRs are variable)	Balance transfers: The introductory rate is 0% until the first billing after the six-month anniversary of the opening of the account. After that, the rate will be 8.99%. Cash advances: 20.99% Default rate: 27.99% (see notes below)
Variable rate information	Your APRs may vary during each billing period. The rate for purchases and balance transfers is determined by adding 4.99% to the prime rate (see notes below). The rate for cash advances is determined by adding 16.99% to the prime rate, but such a rate will never be below 20.99%. The default is determined by adding no more than 23.99% to the prime rate.
Grace period for repayment of purchases	Not less than 21 days if you pay your total new balance in full each billing period by the due date. Payment must be received by 5:00 PM on the due date. There is no grace period for balance transfers and cash advances.
Method of computing the balance	Average daily balance (including new purchases)
Annual fee	$35
Minimum finance charge	$1.50
Miscellaneous fees	Transaction fee for cash advances: 4% of the amount of the transaction but not less than $15 Transaction fee for balance transfers: 4% of the amount of the transfer but not less than $45. There is no balance transfer fee during the six-month introductory period. Late fee: $12 on balances up to $500; $30 on balances over $500 Over-the-limit fee: $30 Bounced-check fee: $30
Notes	Introductory rate: Eligibility for the introductory rate is subject to your maintaining good credit. The rate indicated in this offer is subject to change to reflect changes in the prime rate (see below) at the time of your application. Default rate: All your APRs may increase if you default under any Card Agreement that you have with us, because you fail to make a payment to us when due, you exceed your credit limit, or you make a payment to us that is not honored. Factors considered when determining your default rate may include the length of time your account with us has been open; the existence, seriousness, and timing of defaults under any Card Agreement you have with us; or other indications of account usage and performance on this or any other account you have with us. Prime rate: The prime rate (currently 4%) used to determine your APRs for each billing period is the U.S. prime rate published in the Wall Street Journal two business days prior to the billing date for that billing period.

This credit card has an annual fee of $____, which is charged to the borrowers account ____ .

The transaction fee for cash advances is ______% of the amount of the advance, with a minimum fee of $_____.

This fee ____ charged if you take a cash advance during the six-month introductory period.

The transaction fee for balance transfers is ____ % with a minimum fee of $ _____

This fee ____ charged if you transfer balances from another credit account to this credit card during the six-month introductory period.

If you make a payment by check and your check bounces, then you are charged a bounced-check fee of $_____

If you make a late payment on the account, then you are assessed a late-payment fee. If you make a late payment with an account balance up to $500, then the late-payment fee is $_____. However, if you make a late payment with an account balance greater than $500, then the late-payment fee is $_____

If your balance exceeds the credit limit on the account (by either making excessive purchases or fees charged to the account), then you are assessed an over-the-limit fee of $ _____each month that the balance exceeds the credit limit.