How To Minimise Your Credit Card Fees & Charges

Featured No Annual Fee Credit Card

Avoid ever having to pay credit card fees with the HSBC Credit Card which features $0 annual fees for the life of the card plus 55 days free on purchases. This means you will not be charged any credit card fees provided you repay your balance in full each month

• $0 annual fee
• 17.99% p.a. on purchases
• 0% p.a. for 6 months with 2% handling fee on balance transfers
• Cash Advance Rate of 21.99% p.a.
• 55 days interest free
• Minimum Income Requirement of $20,000 p.a.
• HSBC’s home&Away Privilege Program gives you access to discounts and benefits worldwide

Read the HSBC Credit Card terms and conditions.

To avoid paying credit card fees be sure that you understand how your company charges them. Once you understand them take every precaution you can to avoid them. If you can avoid credit card fees you can probably avoid the dreaded credit card debt.

Credit Card Fees are one of the main reasons for accumulating debt. People often take on credit card ownership without fully understanding credit card fees

They then spend too much or make little missteps in their bill payment that lead to excessive credit card fees and a very large bill. If you want to stop paying these fees or get your first credit card it is important that you understand how the fees work an how to avoid them.

Credit card fees to avoid:

• Cash Advances – Cash advances from your credit card are not a good choice. The credit card company usually charges a higher interest rate for them then they do for purchases and sometimes a fee on top of that. Instead, use the card for your purchases.
• Overseas Travel - When you travel your card will charge a fee for the currency conversion. Instead of just using your card you should try to get one in the currency of your destination or purchase travellers cheques in their currency.
• Interest – Most credit cards have an interest free period for purchases. If you pay your full bill before the end of this interest free period you pay nothing extra, if not you pay the often steep interest rate. You should try to pay the full amount of your bill each month. Sometimes cash advances do not have an interest free period, another reason to avoid them.
• Late Payment – This is a big one. Paying your credit card late will cost you a significant amount in credit card fees. There is a fee for late payment plus they might increase your interest rate or rescind any introductory offers. Setting up a direct debit is the best way to avoid late payments.
• Exceeding Your Credit Limit – Again, you will be charged a fee if you exceed your credit limit. Even if you only exceed it by a few dollars you will be charged a fee that may be more then the amount you are over. Also, if you are charged a late fee that puts you over your limit you will also be charged overage fees.

To avoid paying credit card fees be sure that you understand how your company charges them. Once you understand them take every precaution you can to avoid them. If you can avoid credit card fees you can probably avoid the dreaded credit card debt.

Check out today's featured offers:

Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum	Westpac Low Rate
2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%
	American Express Qantas Discovery Card	Earn Qantas Frequent Flyer points, plus take advantage of the no annual fee offer.	20.74%		$0	20.74%