answersLogoWhite

0


Best Answer

No. However, there are often annual fees, application fees or late fees that apply, the details of which have to be revealed to the applicant. Some have no annual fee credit cards. It is important to always read the terms & conditions and all fine print thoroughly so that you fully understand all costs associated with a particular credit card.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Are there hidden costs associated with credit cards?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the hidden costs associated with being a landlord?

Hidden costs associated with being a landlord include maintenance and repairs, property management fees, vacancies, property taxes, insurance, and unexpected expenses.


How much does a gm credit card cost monthly?

Costs associated with credit cards are based on percentages and depend invariably upon how much you have credited to them. Unfortunately there is no easy answer; however, if you have good credit it may cost nothing.


What kinds of costs are associated with debit cards?

There are a number of costs associated with debit cards including the cost of using a PIN (for some banks) or the costs for overdrawing your bank account. But, on the long run, the convenience is well worth it.


What are the hidden costs associated with renting out your house?

Hidden costs associated with renting out your house may include maintenance and repairs, property management fees, insurance premiums, vacancy periods, and potential legal expenses.


What are some of the hidden costs of cheap business cards?

Some hidden costs of cheap business cards can include the cost of actually printing the cards, and even the cost of shipping the card if one ordered them online. Always make sure to read the fine print.


Does a business credit card affect credit score?

All loans and credit cards have an affect on your credit score. Failure to use your credit cards responsibly will reduce your credit score and increase your interest costs.


What services are reliable (without hidden fees/costs) and offer a low interest rate?

Well, from my past experiences, the two credit card companies that offers services that are reliable (without hidden fees or costs) and offer low interest rates would be Visa or MasterCard. They offer really low interest rates, but also have a rewards program which you can participate in by making purchases with their credit cards.


Which of these most accurately describes the costs and benefits of using a credit card?

Credit cards are convenient but can result in debt.


What are the hidden costs associated with owning a rental property?

Hidden costs associated with owning a rental property include maintenance and repairs, property management fees, vacancy periods, property taxes, insurance, and unexpected expenses like legal fees or major repairs. These costs can impact the profitability of the investment and should be considered when budgeting for a rental property.


What is the purpose of Schumer Box?

It is the summary of the costs of a credit card. It is legislation requiring that terms of credit cards be clearly outlined in any promotional material


What are the costs of using credit cards and debit cards?

With a debit card, some banks will pass the fees onto you. This is why it's always important that you use your debit as credit. When you use your card as credit, you have the fees passed onto the merchant, rather than you.


What costs are there for a small business to accept credit cards?

The costs involved in small businesses accepting credit cards are quite high. Small businesses are charged a fee per credit card transaction. This fee will vary from country to country. It is common among most - if not all - major credit cards, that the transaction fee increases when a "premium" credit card is used. These "premium" cards allow the cardholder to reap rewards, while the business owner suffers. In Canada, for example, the transaction fee ranges from approximately 2% to 3% per transaction (for Visa and MasterCard).