Concealed Credit Card Charges

Daily hundreds of new banks and financial institutions open in the market across the globe. To get popularity among the masses, they start offering many freebies like cards with rewards and customer friendly low interest rates on credit cards. People very easily get attracted to these offers thereby go further and get their cards done within couple of days, totally unaware of concealed credit card charges. They grope in the dark spending lavishly until the day arrives where they have to shell out hundreds of dollars from their own pockets to clear their credit card dues.

It’s very important to get educated and have complete knowledge about the concealed credit card charges, in order to avoid tension which is possible only by consulting with the concerned authority of the institution or the bank issuing such credit cards. On the contrary if the credit card owner is a newbie, the awareness of hidden charges strike only during the grace period that too when the owner gets a notice from the issuer. During the course of grace period, the card owner has to clear all the pending bills without add-on fees according to the rules. If neglected, it turns into major problems for the owner as if being stuck inside a quicksand (cesspool), being dragged in and out-crying for relief. Timely paying of credit card bills is the best and only solution to avert such drastic situations. A good credit card owner always enjoys good sleep at nights and digests food without the help of any physician. The individual never dreams about grace periods and accruing of bill amounts for later dates.

Leading a busy lifestyle, some credit card owners overlook on factors like the late fee (fine) collected by the card issuers after the grace period. Brushing off this late fee factor may end in doubling of the fee without the owner’s attention. Nowadays with busy schedules like office tours or holiday tours, many credit card owners totally forget about the grace period of their credit card so they end up paying the late fees on the due day, only after getting phone calls from the issuer and thus help the individual to be on the safer side. Some bogus institutions await for the opportunity till the day where the credit card owner may end up losing all his/her money and also end up surrendering both movable and immovable properties to the issuer for not settling all the bills and late fee which include unpaid interests and other concealed credit card charges. So, its absolutely essential for a newbie credit card owner to read all the terms and conditions.