Credit Cards can be a good thing; however, they also place people in debt. Understanding all the fine print about your own credit cards and why various fees are applied should help you control your spending.
Credit Card Facts:
- You will get charged for the interest rates
- Get charged for late payments.
- You also get charged a cash advance fee
These charges can get anyone and everyone. Even if you make payments on time all the time, you can still get charged extra fees. Some credit card companies have other fees that may apply. Ask about the fees when applying for a credit card. This way you are aware of all fees that you will be charged.