Tuesday, 6 May 2014

Bobby Jain & Discussion Of Pesky Credit Fees

By Robin Setser


It goes without saying that many credit cards come with certain strings attached. They may be ones that you have been aware of since signing up for said cards while other strings might not have made their presences felt until you least expected them to. Whatever the case may be, there are various credit card fees that you can actually abstain from. If you would like to learn more about this, I am sure that Bobby Jain will be able to help you gain a better understanding.

There was a report published on Wall St. Cheat Sheet that detailed the top five credit card fees; one of said examples was annual fees. It goes without saying that there are many different credit card options that have this feature. One of the reasons for this is because certain annual fees can surface out of nowhere, taking customers completely by surprise. With that said, if you are looking for credit card choices that do not possess this particular caveat, you cannot go wrong with something like Chase Slate.

I believe that penalty fees should be discussed and the article spoke about how they can be broken up into certain groups. For example, the late payment fee can rise to the surface when a given payment has been received by the bank following the due date that had been established. Another idea to consider is the over-limit fee; this may be required when your balance goes past the credit line that you possess. Automatic payments stand a great chance of preventing either of these instances from surfacing.

Finally, you will want to draw your attention to the cash advance fee and Bobby Jain may tell you the same. It seems as though there are many cards which have fees of 3 percent and they come with minimums that can be as small as $5 and as large as $10. On the surface, it may appear as though you will take a hit but this is where a certain level of care should be taken. If you'd like to know, names such as Jain will tell you that it is important to keep your card away from the idea of cash advance.

These are just a few of the many credit card fees that may over the heads of consumers and understandably so. It is possible that consumers have not been entirely informed of these options and, as a result, make less-than-stellar choices as far as their credit is concerned. You can avoid these fees, though; it's just a matter of careful utilization and sign-up processes. If you take it upon yourself to further research this matter, you will soon find that your finances will remain strong.




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1 comment:

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