A credit card account may have many types of fees. Common types of fees include annual fee, transaction fee, late-payment fee, bounced-check fee, and 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 lav Annual Percentage Rate The introductory rate (see notes below) is 2.99% until the first billing after the six-month anniversary of opening the account. (APR) for purchases After that, your rate will be 8.99 (variable rate) Balance transfers: The introductory rate is 0% until the first billing after the six-month Other APRs (all other APRs are variable) 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 Not less than 21 days if you pay your total new balance in full each billing period by the due Grace period for date. Payment must be received by 5:00 PM on the due date. There is no grace period for repayment of purchases balance transfers and cash advances