The Ultimate Guide to Credit Cards

Copyright ©2015 Iron Horse Holdings, LLC


Credit Card Fees

"There are two kinds of spenders in this world: those that freak out over credit card fees, and those who choose to ignore them completely. You don’t want to be in either of these groups."

There are two kinds of spenders in this world: those that freak out over credit card fees, and those who choose to ignore them completely. We would never suggest you go against the crowd, but really, you don’t want to be in either of those groups. It is important to know what fees you are encountering when you’re using your credit card and where those fees are coming from. This knowledge shouldn’t deter you from spending, but instead will help you control and monitor your finances in the future.

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Flat Fees

Flat fees are those that do not change with each transaction. They are based on dollar amounts, not percentage rates. Even though these fees are easier to predict than the flexible ones discussed below, they can still add up over time. This chart shows four common flat fees that you might come across with your credit card and the average amount for each fee:

Common Flat Credit Card Fees

common flat credit card fee bar graph
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