CHASE - CREDITCARDS

Understanding Credit Card Fees

Most credit card issuers charge fees for various reasons. Here are some of the common fees:

• Annual fee—(sometimes billed monthly) is a charge for cardmembership or participation.

• Cash advance fee—is charged when you use your credit card to get a cash advance. This fee may be a flat fee (for example, $2.00) or a percentage of the advance (such as 3%).

• Balance transfer fee—is charged when you move a balance from one credit card to another. This fee may be a flat fee and/or a percentage of the balance. The issuer may send you convenience checks to use for this purpose.

• Late payment fee—is charged if the issuer receives your payment after the due date.

• Over-the-credit-limit fee (or over limit fee)—is charged if you exceed your credit limit. This fee may be charged even if your transaction is authorized.

• Set-up fee—is charged when a new account is opened.

• Return-item fee—is charged when you pay by check or online and your check or online payment is returned by your bank for insufficient funds.

• Other fees—some issuers may charge for paying by phone, for the cost of reporting to credit bureaus, reviewing your account, or providing other customer services. Read your credit card agreement to learn if there are other fees and charges.
  

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