The major fees are for:
* Late payments or overdue payments
* Charges that result in exceeding the credit limit on the card (whether done deliberately or by mistake), called over limit fees
* Returned cheque fees or payment processing fees (eg phone payment fee)
* Cash advances and convenience cheques (often 3% of the amount). Transactions in a foreign currency (as much as 3% of the amount). A few financial institutions do not charge a fee for this.
* Membership fees (annual or monthly), sometimes a percentage of the credit limit.
* Exchange rate loading fees (these may sometimes not be reported on the customer's statement, even when they are applied).
* Late payments or overdue payments
* Charges that result in exceeding the credit limit on the card (whether done deliberately or by mistake), called over limit fees
* Returned cheque fees or payment processing fees (eg phone payment fee)
* Cash advances and convenience cheques (often 3% of the amount). Transactions in a foreign currency (as much as 3% of the amount). A few financial institutions do not charge a fee for this.
* Membership fees (annual or monthly), sometimes a percentage of the credit limit.
* Exchange rate loading fees (these may sometimes not be reported on the customer's statement, even when they are applied).
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