Some credit cards that do not charge late fees include the Citi Simplicity Card, the Discover it Card, and the Capital One Quicksilver Card.
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Some credit cards offer the benefit of no late fees.
Common ones are - monthly interest, and late payment fees.
No, credit card late fees are not tax deductible.
The top three disadvantages of using credit cards are high interest rates, potential debt accumulation, and fees for late payments or exceeding credit limits.
The interest rates vary depending on your personal credit history. You can get anything from a fixed 9% or 10% to 27+% variable (yes, in some cases they can charge that much). Late fees vary also and can cost you a bundle. Most credit cards are between $25 and $35. You need to "shop around" for the best bargain and read the contract carefully and completely, before you sign.