Credit card companies may have a number of fees or other costs with which they may charge you with or without notice. One of these charges refers to rates. The surprise rate element is that they can double or even triple rates on consumers, but they have to give you a two weeks time notice.
Another problem is with the credit limits. They have been cutting credit limits, but more than this they cut them as much as they can possibly can, reaching to just $2 or $ 3 over your outstanding balance. This way you can easily go over your credit limit and thus pay an extra fee. Also this affects you credit score because you are using a larger percentage of your available credit. Concerning that 30% of your credit score is based on the percentage of the credit that you are using, this will have an impact on your future loans, or mortgage. You have no prior notice of this action so you can only find it in your statements.
International fees are also surprise fees, so to say. These fees are charged when you make acquisitions over seas and not only when you are traveling but also when you make online purchases. These fees also grew from 1-2 % to 3% at almost every bank.
Finally beware of protection plans. They are supposed to be a safety net in case you are fired, but the reality is that they are going to freeze your account and charge you $1 a month for every $100 balance that you have. This adds up and than your interest rates will grow with 50-100 %.
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