Credit card: what are the costs?

It is increasingly used the possibilities of a credit card. It is generally accepted worldwide and tender and easy to use: just by the groove, signature and ready. This may in shops, restaurants and is also useful for Internet purchases. Even the cash belongs to the possibilities.

Purchase
However, the credit card form and there are costs associated with it. There is usually an annual contribution (membership fees), which can reach up to € 10, - to € 45 .- for a regular card with a spend .1500-3500 area of approximately €, - per month, and for cards with extra space to use € .12.500, is an annual contribution of about € 55 asked, - to € 100 .-. For students, there are cards with adequate space and contribution.

In conjunction with the opening of an account or other products at a banking institution discounts are given to the contribution.

Custom
If using a repayment in installments after using a credit card, the annual rate up to around 18 percent. Is it once in the current account, then is usually no interest charged.

Also be charged in a transaction with cash. These can vary by provider, but are usually €. 4.50 .- per image. The other (paying) can use free of charge within the doller countries and beyond for a small fee of 15 cents, but it can be very large differences are.

There may be included monthly to the credit limit and in some cases over it. The result could be a (huge) fine for the excess.

Extra service facilities
Besides the cost, except you get a credit sometimes additional benefits to the card. This may vary by provider and by card type differences. It is usually thought to be:

* Purchase insurance products with a credit card against loss, theft and damage of the purchased products ranging from 180 days to a whole year.
* Possibility of (expensive) staggered payment
* If a trip is paid with the card, before long delay of the flight a maximum reimbursement to be received.
* When renting a car with the card can own risk insured and any legal assistance to certain limits.
* Emergency telephone by credit card-related problems
* PIN pins.

Costs for the seller
A seller that offers its customers the opportunity to work with the credit card to pay an entrepreneur gives two advantages: There are no cash in the house and the amount he gets paid almost immediately. Big disadvantage is that some percentage compensation expenses must be paid.

A customer can benefit by it, if contact is paid instead of the card, can be made to a small discount!

Before you proceed to the purchase of a credit card, you make a good comparison. The cost, spending the extra space and service facilities should be a good match you are happy to comply.