Credit Cards-The Hidden Costs

Because it is convenient, shopping online has become a popular way to buy. It can be fun and cheap to shop online. One no longer has to rely on products sold or manufactured locally.

Credit cards are the most popular way to pay for purchases online, every online merchant will accept them. If you shop online; however, using a credit card can be more costly than you think due to hidden costs. Fortunately they can be avoided.

This specific article talks about the hidden costs associated with your credit card use and gives some tips on how to avoid them.

Although the credit card act protects consumers from certain fees like penalty fees, in-activity fees and over-the-limit fees, other fees are not covered by it.

There are several of these hidden fees that consumers may not be aware of, knowing about them can save a consumer a lot of money. These are some hidden fees:

-Extra hard copies of your credit card records.

-Duplicate statement fee

-Returned payment or return check

-Expedited payment fee

-Stop payment

-Paying credit card bill over the phone

-Foreign conversion/transaction fees

Knowing your rights as a credit card holder before applying for a credit card will help you avoid a fee-laden payment method. Shop around and do your research to ensure you get the best card with the least fees attached.

You can use prepaid credit cards for shopping online, there are many of them circulating and they are accepted everywhere a credit card is.

Read the article by Bank Rate for more details about hidden credit card fees and advice on how to avoid them. Click Here.

TripleClicks is an online shopping site that accepts several other methods of payments including money order, checks, Western Union, prepaid debit cards, gift cards and more. They ship to most countries.

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