4 credit card mistakes that are costing you in fees — and the cards that fix them
#credit card fees #financial mistakes #fee avoidance #card recommendations #money management
📌 Key Takeaways
- Common credit card mistakes lead to avoidable fees, impacting financial health.
- Specific credit cards are recommended to address each fee-related issue effectively.
- Understanding card terms and benefits can prevent unnecessary charges and optimize savings.
- Proactive management of credit card usage is crucial for minimizing costs and maximizing rewards.
The fees you pay vary by card, so it's important to understand each of your cards' fine print.
🏷️ Themes
Financial Fees, Credit Cards
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
While individual fees may seem small, they can quickly add up over time. Below, we detail four costly credit card mistakes and how to avoid them. Costly credit card mistakes Using a card with foreign transaction fees when you travel Carrying high-interest debt Paying an annual fee on a card you don't use Taking out a cash advance instead of other options 1. Using a card with foreign transaction fees when you travel When you use your credit card to purchase anything in a foreign currency, you could get hit with a foreign transaction fee. These fees are typically 3% of the total transaction and can add up quickly if you're not paying attention. You can easily avoid this extra cost by using a credit card with no foreign transaction fees . Many of the best travel credit cards have no foreign transaction fees, and card issuers such as Capital One and Discover don't add this fee to any of their U.S.-issued credit cards. Capital One Venture Rewards Credit Card CNBC Select Rating 5.0 Learn More CNBC Select Rating 5.0 Learn More Credit score Regular APR 19.49% - 28.49% variable Annual fee $95 Welcome bonus LIMITED-TIME OFFER: Enjoy $250 plus earn 75,000 bonus miles Terms apply. Read our Capital One Venture Rewards Credit Card review . Our expert take The Capital One Venture Rewards Credit Card has a reasonable annual fee and earns flexible travel rewards, which makes it a great travel card for beginners or heavy travelers. Pros & cons Valuable welcome offer worth at least $1,000 in travel You can transfer miles to over 15 Capital One partners, including Emirates Skywards, Choice Privileges and Singapore Airlines KrisFlyer No foreign transaction fees Lacks ongoing travel benefits such as statement credits or lounge access Limited bonus spending category that only applies to certain Capital One Travel bookings More details Highlights Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff. LIMITED-TIME OFFER: Enjoy $250 to u...
Read full article at source