How to Avoid Common Credit Card Fees

When added up, credit card processing fees can combine into an astronomical amount. Thankfully, with the right steps, you can avoid or decrease them. If you’re interested in these steps and want to find a reliable provider of eChecks, keep on reading below.


Credit Card Fees: How to Avoid Them

Did you know you can often negotiate credit card processing fees? Let’ move forward to reveal how you can sidestep or reduce your overall processing costs:


  1. Annual Fees

First, you can pick a credit card that doesn’t come with an annual fee. If you’re using an annual-fee card, turn to the provider for a retention offer. Besides, ask for a lower or a fee-free alternative.


  1. Balance Transfer Fees

Consider a card offering the best option for a low balance transfer fee and the period at 0% that best fits you. You can also join a credit union for their cards.


  1. Card Replacement Fees

Why not upload your card to a mobile wallet? Consider contacting your issuer, asking it to waive any card replacement fees.


  1. Cash Advance Fees

Look for a cash advance provider that offers the most competitive rates in the industry. You can also apply for a more affordable personal loan or turn to your family and friends. Another option is to apply for government loans.


Besides, alternative merchant services providers, that have become significantly popular in recent years, offer easy-to-access business financing solutions with high approval rates. When applying for payment processing services, e.g., eChecks, or business funding, make sure the offered fees are among the cheapest


  1. Foreign Transaction Fees

Opt for a credit card lacking foreign transaction charges. Did you know many travel credit cards don’t charge this fee? Consider opening a bank account allowing you to use a debit card with no ATM fees.


  1. Interest or Finance Charges

First, pay your balance in full and without delay each month. You can find the interest amount you’re charged on your cardholder agreement as your annual percentage rate (APR). In case, a big purchase doesn’t let you pay off all at once, consider a card with a 0% APR on purchases that can serve as a loan with no interest.


  1. Late Fees

Don’t fail to make your bill payments on time. You can also turn to your card issuer for waiving the fees. Almost all card issuers are ready to waive them for customers who’ve been in good standing. Besides, you can make your bill payments over the internet, or automate them.


  1. Over-the-Limit Fee

Consider asking your card issuer to raise the credit limit. Also, you can get a charge card.


  1. Returned Payment Fee

Ensure your bank account doesn’t lack the necessary amount. Consider overdraft protection on your bank account.


How to Avoid Credit Card Fees

Credit cards are great, but they often charge numerous fees that can pile into a significant amount. This can be the result of a missed payment, over-the-limit spending, or for another reason. The good news is that you can take some measures to avoid these fees.




Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that can best help you with eChecks. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite book

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