Means to avoid late fee on credit cards
Since you do not require to carry wades of notes in your wallet, its luring to possess a credit card which is more popular in the sell and buy world. But, do not forget that you are a borrower of the credit card company and liable to pay back if not full or in installments. Each time you buy, it reflects that you borrowed money from the credit card company. Users may remember that credit cards shall be used prudently otherwise fee charged by the credit card companies will be inordinately hefty. Like any other modern gadget, credit card is neither good nor bad.
It is a wise thinking to pay bills before due date to avoid late fee otherwise penalty fee will be charged on late fee, leaving you in panic. Being late in payment will land you in heap of debts. Late fee on an average has risen to $39-40 at present whereas it was $12 in 1994 and $32.64 in 2004. It is sensible enough to realize that payment of credit card bills in time will save you from hefty wastage of money.
There are other ways and means to avoid late fee on credit cards.
1.Sound knowledge of terms and conditions of the credit card company will save you how to cope up with late fee charges. Such information and guidelines are available on the back of the credit card. By following specific instructions of payment, ensure that your payment has reached them in time. This mode of learning thoroughly will help you to avoid late fee on the credit cards.
2. As a responsible borrower of the credit card company, you must maintain flawless record. Always maintain good record of paying bills without fail so that company may consider to waive off late fee because you are a valued customer. Credit card companies may extend special courtesy for users with good credit card history.
3.In case you forgot to pay bills just before the due date, you can speed up payment through telephone, instead of mail. Toll-free number on the back of the credit card enables users to pay bills by providing details of check number and bank code number. These bank code numbers can be seen at the bottom of the check. Once details are given you can tear off the check to avoid further utility. Some of the credit card companies facilitate users with such facility free of cost whereas some companies charge 50-20 dollars for rendering such service. Ensure that your credit card company also renders service free of cost.
4. In the absence of telephone payment facility, you can choose other payment like express mail. Even though it costs extra money but lower than the late fee charged by the credit card company. It not only ensures prompt reaching of money to the company.
5. Payment on-line is through internet is another mode of payment. This mode is more useful for paying the bills during travel time.
6. You can negotiate with the credit card company and set your due date conveniently when salary arrives. This will help you all the time if due date set by the company is not convenient for you.
By following few simple steps, user can avoid late fee.
Extra guidance about Fee Credit or low apr credit cards
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