Earn Spend Save: The Savvy Guide To A Richer, Smarter, Debt-Free Life by Kira Vermond
While reading through Earn Spend Save, I came across some great tips on what to watch out for when it comes to credit card fees. The author emphasizes the importance of understanding what fees you are being charged on your credit card, and she encourages people to be really careful when selecting the right credit card for them.
The fees you to need to be aware of include annual fees, cash advance fees, convenience checks, over-the-limit fees, inactivity fees, and foreign currency conversion fees.
Annual Fees
If you are currently paying an annual fee on your credit card, you may want to consider converting your card to one that is free instead. However, some cards with fees do have significant perks so make sure it is in your best interest before cancelling your current card. Right now my husband and I do have a card that we pay for annually as we feel that it’s worth it due to the rewards points we can redeem towards airfare overseas. However, there are many free rewards cards available these days so it pays to do your research.
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