While making any major financial decision or applying for any credit, it is very essential for us to be educated about the fees and penalties charged. In our educational institution, we provide you with adequate information about credit card fees [http://badcredit-mortgageloan.com] and penalties. You might have noticed that when you purchase anything through your credit card, your purchases are being charged with some amount of interest. The entire fee schedule has to be disclosed to the consumers by the credit card companies.

When you first open your credit card account, you can find these fee and finance charges in the account disclosure statement. It is very important to read the fine prints when any company offers you for any credit card. Before you accept the offer from the credit card company, you should know about low interest credit cards. The meaning of low interest may vary depending upon the company. The companies also offer low interest rates or no interest, but it is important to know that these rates don't last forever. These low interest rates last for not more than six to twelve month. We have to call the toll free customer service number printed at the back of the card to find out what are the extended warranty benefits that the card is offering. We have to keep a good record of our purchases so that we can make use of the warranty benefit anytime. We also have to keep the original receipts so that we can prove the date of purchase and avail the benefits.

Remember to only use your credit card on purchases that you know you can afford for a fact. Don't get in over your head, or up to your neck in credit card debt. I have seen it happen to people and it is not pretty.